A wrist watch was bought for N2800.00. After sometime, it was sold at a loss of 15%. What was the selling price?

Question

A wrist watch was bought for N2800.00. After sometime, it was sold at a loss of 15%. What was the selling price?

Show workings bit by bit

Answer 1

Step 1: Calculate the loss amount

Loss = 15% of N2800.00
Loss = 0.15 x 2800.00
Loss = N420.00

Step 2: Calculate the selling price
Selling Price = N2800.00 - N420.00
Selling Price = N2380.00