A T.V was bought for N1,250 and sold for N1,000. Find the percentage loss?
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Answer:
20%
Step-by-step explanation:
C.P of T.V= 1,250
S.P of T.V= 1,000
C.P>S.P so it's a loss
Loss= C.P-S.P= 1,250-1,000= 250
Loss %= Loss/C.P × 100
= 250/1250 × 100
= 20%
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