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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
  • A. 15%
  • B. 25%
  • C. 35%
  • D. 10%
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Correct Answer: Option 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 below.

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Explanation Video

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WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Post UTME Past Questions Agent
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts