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

An old laptop bought for ₱1,650 was sold for ₱1,645. How much was the loss?

  1. ₱3,295
  2. ₱1,645
  3. ₱1,650
  4. ₱5

Answer

D. ₱5

Solution

Loss = cost − selling price = ₱1,650 − ₱1,645 = ₱5.

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