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MATHEMATICS

JAMB 2014 - Question 3

Mathematics 2014 JAMB Past Questions - Question 3: A woman bought a grinder for N60,000 .She sold it at aloss of 15%.How much did she sell it ?

A woman bought a grinder for N60,000 .She sold it at aloss of 15%.How much did she sell it ?

A: N50,000

B: N53,000

C: N52,000

D: N51,000

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Correct Answer

Explanation

SP = #XCP = #60,000percentage loss = 15%Using percentage loss= CP- SP / CP X 100%60,000 -X /60,000 X 100%15% x 60,000 = (60,000 -x) 100%60,000 - x = 15% x 60, 000 / 100%60,000 -x = 3x300060000 - x = 9,00060,000 - 9000 = 9,000 = x#51,000 = xtherefore selling price of the grinder was # 51,000