Civil Service Exam Reviewer · Simple Interest and Profit/Loss · medium
A motorcycle bought for ₱5,500 was sold for ₱5,225. What was the percent loss?
- 5.26%
- 5%
- 95%
- 2.75%
Answer
B. 5%
Solution
Loss = ₱275. 275 ÷ 5,500 × 100 = 5%.
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