Answer to Question #278029 in Financial Math for Kelly

Question #278029

Find the percent gain or percent loss when a car bought for PhP 925 000 is sold for

PhP 850 000.

Expert's answer

Selling price - Buying price = gain/loss

850000 - 925000 = - 75000

Percentage loss = loss divided by buying price × 100

Percentage loss = 75000÷925000×100 = 8.108%

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