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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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