WAEC - Mathematics (1994 - No. 10)
A house bought for N100,000 was later auctioned for N80,000. Find the loss percent.
20%
30%
40%
50%
60%
Paliwanag
Loss = N(100,000 - 80,000)
= N20,000.
Loss percentage = \(\frac{20,000}{100,000} \times 100%\)
= 20%
Loss = N(100,000 - 80,000)
= N20,000.
Loss percentage = \(\frac{20,000}{100,000} \times 100%\)
= 20%