Question 41


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waecmaths question: 

A trader brought 100 oranges at 5 for N40.00 ad sold them at 20 for N120.00. Find the profit or loss percent

Option A: 

20% profit

Option B: 

20% loss

Option C: 

25% profit

Option D: 

25% loss

waecmaths solution: 

$\begin{align}  & \text{Total cost of oranges}=\frac{N40\times 100}{5}=N800 \\ & \text{Total selling price}=\frac{N120\times 100}{20}=N600 \\ & percentage\text{ }loss=\frac{N(800-600)}{800}\times 100percent=25percentloss \\\end{align}$

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