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

An old laptop bought for ₱2,020 was sold for ₱2,010. How much was the loss?

  1. ₱10
  2. ₱4,030
  3. ₱2,010
  4. ₱2,020

Answer

A. ₱10

Solution

Loss = cost − selling price = ₱2,020 − ₱2,010 = ₱10.

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