The percentage loss is -8%.
Given that,
- The purchase price is $5.00.
- And, the sale price is $4.60.
Based on the above information, the percentage loss should be
[tex]= \frac{\$4.60-\$5}{\$5}[/tex]
= -8%
Therefore we can conclude that the percentage loss should be -8%.
Learn more: brainly.com/question/2155156
