JAMB Mathematics 2003 Question 5

Question 5

Commercial Arithmetic

A woman buys 270 oranges for N1,800.00 and sells at 5 for N40.00. What is her profit?

  1. A.N2,160.00
  2. B.N1,620.00
  3. C.630.00
  4. D.N360.00
Show the answer and explanation

Answer: D (N360.00)

Explanation

She sells 270 ÷ 5 = 54 lots at N40, getting N2,160. Profit = 2,160 − 1,800 = N360.