Question 14
Commercial ArithmeticA man bought a wristwatch of ₦150 but was only able to sell it for ₦120. Find the loss per cent on the transaction.
- A.25%
- B.111/9%
- C.20%
- D.80%
- E.30%
Show the answer and explanation
Answer: C (20%)
Explanation
The loss is ₦30 on a cost of ₦150: 30/150 × 100 = 20%.