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John buys a phone for $4 500 and sells it to his brother who pays him in three instalments of $1 200. (a) Determine with the appropriate working if John made a profit or a loss. [2] (b) What was his percentage
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John buys a phone for $4 500 and sells it to his brother who pays him in three instalments of $1 200.

(a) Determine with the appropriate working if John made a profit or a loss. [2] (b) What was his percentage profit/loss?

User Flyingfinger
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a. John made a loss. (3 x 1200 = 3600. He sold it to his brother for 3600)

b. 3600/4500 = 0.8 = 80%. 100-80 = 20. Percentage loss = 20%
User Labithiotis
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