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A man bought a second-hand photocopying machine for ₦34000. He serviced i at a...


Question

A man bought a second-hand photocopying machine for ₦34000. He serviced i at a cost ₦2000 and then sold it at a profit of 15%. What was the selling price?

Options

A) ₦37550

B) ₦40400

C) ₦41400

D) 42400

The correct answer is C.

Explanation:

Total cost = ₦34,000 + ₦2,000
= ₦36,000
15% = ₦115
\(\frac{115}{100}\) x ₦36,000
= ₦41,400

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