SEAMO 2020 — Paper C — Grade 5–6 Question 4

Question 4

Lucas invested $1000$ dollars in $2018$. He lost $18\%$ in the first year and gained $25\%$ in the second. What was his overall percentage gain or loss?

$2.5\%$ gain
$2.5\%$ loss
$2.8\%$ gain
$2.8\%$ loss
No change