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JAMB Mathematics 2002 Question 6

Question 6

Commercial Arithmetic

A trader bought goats for N4000 each. He sold them for N180,000 at a loss of 25%. How many goats did he buy?

  1. A.60
  2. B.50
  3. C.45
  4. D.36
Show the answer and explanation

Answer: A (60)

Explanation

Selling at a 25% loss means N180 000 is 75% of the cost, so the cost was N240 000. At N4000 each, that is 60 goats.