Required:

You purchase a Treasury$-$bond futures contract with an initial margin requirement of $15\%$ and a futures price of $$113,100.$ The contract is traded on a $$100,000$ underlying par value bond. If the futures price falls to $$107,100,$ what will be the percentage loss on your position? $($Input the value as positive value. Do not round intermediate calculations. Round your answer to $2$ decimal places.$)$

Total percentage loss

$\%$