NUMERICAL REASONING
Arianne decided to sell his 3-year old car at ₱800,000. if she bought it at ₱1,000,000, what is the rate of its depreciation?
a. 2%
b. 20%
c. 80%
d. 75%
e. 35%
CORRECT ANSWER: b. 20%
1,000,000 – 800,000 = 200,000200,000/1,000,000 = 0.2 or 20%