Mr Aborowa bought a car for N200,000.00 and later sold it for N170,000.00. What is the percentage loss?
- 11.60%
- 7.60%
-
15%
- 17.65%
The correct answer is: C
Explanation
Using these:
Loss = C.p - S.p
: Percentage Loss = ( Loss X 100) ÷ C.p
=15 %