Civil Service Exam Reviewer · Simple Interest and Profit/Loss · medium

A motorcycle bought for ₱800 was sold for ₱720. What was the percent loss?

  1. 11.11%
  2. 90%
  3. 10%
  4. 0.8%

Answer

C. 10%

Solution

Loss = ₱80. 80 ÷ 800 × 100 = 10%.

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