Mathematics 2007 JAMB Past Questions - Question 34: A man made a profit of 5 % when he sold an article for N60,000.00.How much would he have to sell the article to make a profit of 26%?

Correct Answer

B

Explanation

Let the cost price be C. for the profit of 5%, selling price = 105% C = #60,000therefore C = 100/105 x #60,000.for profit of 26%, the selling price = 126% C. A man made a profit of 5 % when he sold an article for N60,000.00.How much would he have to sell the article to make a profit of 26%? = 126c /100 x 100 /105 x #60,000 = #72,000