Civil Service Exam Reviewer · Simple Interest and Profit/Loss · medium
A motorcycle bought for ₱1,900 was sold for ₱1,615. What was the percent loss?
- 17.65%
- 85%
- 2.85%
- 15%
Answer
D. 15%
Solution
Loss = ₱285. 285 ÷ 1,900 × 100 = 15%.
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