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

An old laptop bought for ₱790 was sold for ₱645. How much was the loss?

  1. ₱145
  2. ₱1,435
  3. ₱645
  4. ₱790

Answer

A. ₱145

Solution

Loss = cost − selling price = ₱790 − ₱645 = ₱145.

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