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

An old laptop bought for ₱2,880 was sold for ₱2,800. How much was the loss?

  1. ₱5,680
  2. ₱2,800
  3. ₱2,880
  4. ₱80

Answer

D. ₱80

Solution

Loss = cost − selling price = ₱2,880 − ₱2,800 = ₱80.

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