2019
Mathematics
JAMB
Tade bought 200 mangoes at 4 for ₦2.50. 30 out of the mangoes got spoilt and the remaining were sold at 2 for ₦2.40. Find the percentage profit or loss.
A.
43.6% loss
B.
35% profit
C.
63.2% profit
D.
28% loss
Correct Answer: 63.2% profit
Explanation
200 mangoes at 4 for N2.50 ⟹ Total cost price = 200/4 × N2.50 = N 125.00 Since 30 mangoes got spoilt ⟹ Left over = 200 - 30 = 170 mangoes 170 mangoes at 2 for N 2.40 ⟹ Total selling point = 170/2×N2.40 = N 204.00 Profit : N (204.00 - 125.00) = N 79.00 % profit = 79/125×100 = 63.2% profit.
200 mangoes at 4 for N2.50 ⟹ Total cost price = 200/4 × N2.50 = N 125.00 Since 30 mangoes got spoilt ⟹ Left over = 200 - 30 = 170 mangoes 170 mangoes at 2 for N 2.40 ⟹ Total selling point = 170/2×N2.40 = N 204.00 Profit : N (204.00 - 125.00) = N 79.00 % profit = 79/125×100 = 63.2% profit.THIS WEEK's
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