A man bought a car for N800 and sold it for N520. Find his loss…

Mathematics JAMB 2015

A man bought a car for N800 and sold it for N520. Find his loss per cent

  • 15%
  • 25%
  • 35% checkmark
  • 10%

The correct answer is: C

Explanation

Percentage Loss = (actual loss ) ÷ (Cost price) × 100

Actual loss = Cost Price − Selling Price (sold price)

= N800 − N520 = N280

Percentage loss = (280 ÷ 800) × 100 = 35%

∴ His loss percent = 35%

There is an explanation video available .

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