Mr Aborowa bought a car for N200,000.00 and later sold it for N170,000.00. What is the percentage loss?
A
11.60%
B
7.60%
C
15%
D
17.65%
Verified Correct Answer: C.
Step-by-Step Mathematical Solution
Using these:
Loss = C.p - S.p
: Percentage Loss = ( Loss X 100) \div C.p
=15 %
Source: Myschool Past Questions Archive (Record #41773)