Question 4

loading...

Prev/Next links

Jambmaths question: 

Audu bought an article for N50.00 and sold it to femi at a loss of x%. Femi later sold the article to Oche at a profit if 40%. If Femi made a profit of N10,000, find the value of x

Option A: 

20

Option B: 

40

Option C: 

50

Option D: 

60

Jamb Maths Solution: 

$\begin{align}  & Percent\text{ }profit=\frac{profit}{\cos tprice}\times 100percent \\ & Percent\text{ }profit\text{ }for\text{ }femi=\frac{10000}{\cos tprice}\times 100percent=40percent \\ & \cos t\text{ }price=\frac{10000}{0.4}=N25000 \\ & Selling price from Audu=N25000 \\ & loss=selling price-\cos t price=N50000-N25000 \\ & loss=N25000 \\ & Percentage\text{ }loss=x=\frac{loss}{\cos tprice}\times 100=\frac{25000}{50000}\times 100percent \\ & x=50percent \\\end{align}$

Jamb Maths Topic: 
Year of Exam: