A man bought a car for N800 and sold it for N520. Find his loss per cent
15%
25%
35%
10%
Correct answer is C
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%