A trader bought 100 oranges at 5 for N40.00 and 20 for N120.00. Find the profit ...
Question
A trader bought 100 oranges at 5 for N40.00 and 20 for N120.00. Find the profit or loss percentOptions
A)
20% profit
B)
20% loss
C)
25% profit
D)
25% loss
The correct answer is D.
Explanation:
Cost price CP of the 100 oranges = \(\frac{100}{5}\) x N40.00
selling price SP of the 100 oranges = \(\frac{100}{20}\) x N120
= N600.00
so, profit or loss per cent
= \(\frac{SP - CP}{CP}\) x 100%
= \(\frac{600 - 800}{800}\) x 100%
= \(\frac{-200}{800}\) x 100%
Hence, loss per cent = 25%
More Past Questions:
Dicussion (1)
Other Subjects
- English Language
- Biology
- Government
- Physics
- Economics
- Chemistry
- Christian Religious Knowledge
- Commerce
- Geography
- Literature In English
- Accounts
- Agricultural Science
- General Paper
- Islamic Religious Knowledge
- History
- Further Mathematics
- Current Affairs
- Civic Education
- Math
- Reading
- Writing and Language
- Computer Studies
- French
- Home Economics
- Hausa
- Yoruba
- Igbo
- Fine Arts
Cost price CP of the 100 oranges = \(\frac{100}{5}\) x N40.00
selling price SP of the 100 oranges = \(\frac{100}{20}\) x N120
= N600.00
so, profit or loss per cent
= \(\frac{SP - CP}{CP}\) x 100%
= \(\frac{600 - 800}{800}\) x 100%
= \(\frac{-200}{800}\) x 100%
Hence, loss per cent = 25%