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JAMB Mathematics 2014 Question 3

Question 3

Commercial Arithmetic

A woman bought a grinder for ₦60,000. She sold it at a loss of 15%. How much did she sell it?

  1. A.₦50,000
  2. B.₦53,000
  3. C.₦52,000
  4. D.₦51,000
Show the answer and explanation

Answer: D (₦51,000)

Explanation

15% of ₦60,000 is ₦9,000. Selling price = ₦60,000 − ₦9,000 = ₦51,000.