2015
Mathematics
67ca00ce0c643c71d77dee1f
A man bought a car for N800 and sold it for N520. Find his loss per cent
A.
15%
B.
25%
C.
35%
D.
10%
Correct Answer: 35%
Explanation
Percentage Loss = (actual loss ) ÷ (Cost price) × 100 Actual loss = Cost Price − Selling Price (sold price) = N800 − N520 = N280 Percentage loss = (280 ÷ 800) × 100 = 35% ∴ His loss percent = 35%
Percentage Loss = (actual loss ) ÷ (Cost price) × 100 Actual loss = Cost Price − Selling Price (sold price) = N800 − N520 = N280 Percentage loss = (280 ÷ 800) × 100 = 35% ∴ His loss percent = 35%THIS WEEK's
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