Mr Aborowa bought a car for N200,000.00 and later sold it for N170,000.00. What is the percentage loss?
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Correct Answer: Option D
Explanation:
Using these:
Loss = C.p - S.p
: Percentage Loss = ( Loss X 100) ÷ C.p
= %17.65
Using these:
Loss = C.p - S.p
: Percentage Loss = ( Loss X 100) ÷ C.p
= %17.65