Alfred buys an old scooter for PhP 14 700 and spends PhP 1 800 on its repairs. If
he sells the scooter for PhP 15 800, what is his percent gain or percent loss?
Total spend: a = 14700 + 1800 = 16500
Selling price: b = 15800
Income: c = b - a = 15800 - 16500 = -700
Percent loss: "{\\frac c a}*100={\\frac {700} {16500}}*100={\\frac {140} {33}}\\approx4.24" %
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