2019
Mathematics
JAMB
A man bought a car newly for ₦1,250,000. He had a crash with the car and later sold it at the rate of ₦1,085,000. What is the percentage gain or loss of the man?
A.
43.7% loss
B.
13.2% gain
C.
13.2% loss
D.
43.7% gain
Correct Answer: 13.2% loss
Explanation
Cost price of the car = N 1,250.00 Selling price = N 1,085.00 Loss = N (1250 - 1085) = N 165.00 % loss = 165/1250×100 = 13.2% loss
Cost price of the car = N 1,250.00 Selling price = N 1,085.00 Loss = N (1250 - 1085) = N 165.00 % loss = 165/1250×100 = 13.2% lossTHIS WEEK's
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