Mr Aborowa bought a car for N200,000.00 and later sold it for N170,000.00. What is the percentage loss?
-
A.
117.60% -
B.
117.60% -
C.
117.60% -
D.
17.65%
Correct Answer: Option D
Explanation
Using these:
Loss = C.p – S.p
: Percentage Loss = ( Loss X 100) ÷ C.p
= %17.65