MATHEMATICS
JAMB 2002 - Question 6
Mathematics 2002 JAMB Past Questions - Question 6: A trader bought goats for N4000 each.he sold them for N180,000 at a loss of 25%. How many goats did he buy?
A:
B:
C:
D:
Correct Answer
A
Explanation
To find out how many goats the trader bought, we can use the information given.Let's assume the trader bought x goats.The cost price of each goat is N4000, so the total cost price of x goats is 4000 * x = 4000x Naira.The trader sold the goats for N180,000 at a loss of 25%. This means he sold the goats for 100% - 25% = 75% of their cost price.The selling price of x goats is 75% of the cost price, which is 0.75 * 4000x = 3000x Naira.We know that the selling price is N180,000, so we can set up the equation:3000x = 180,000Dividing both sides of the equation by 3000:x = 180,000 / 3000x = 60Therefore, the trader bought 60 goats.
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