Question 4
Commercial ArithmeticP sold his bicycle to Q at a profit of 10%. Q sold it to R for ₦209 at a loss of 5%. How much did the bicycle cost P?
- A.₦200
- B.₦196
- C.₦180
- D.₦205
- E.₦150.
Show the answer and explanation
Answer: A (₦200)
Explanation
Q paid 209 ÷ 0.95 = ₦220. That was 110% of P's cost, so P paid 220 ÷ 1.1 = ₦200.