Civil Service Exam Reviewer · Simple Interest and Profit/Loss · medium
A motorcycle bought for ₱4,400 was sold for ₱3,520. What was the percent loss?
- 25%
- 80%
- 8.8%
- 20%
Answer
D. 20%
Solution
Loss = ₱880. 880 ÷ 4,400 × 100 = 20%.
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