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UI Post-UTME Mathematics 2018 (Model questions) Question 2

Question 2

Commercial Arithmetic

A woman bought some certain number of oranges for ₦15 and sold them at ₦15.50. calculate the percentage profit or loss

  1. A.3.33% profit
  2. B.3.33% loss
  3. C.4.32% profit
  4. D.4.32% loss
Show the answer and explanation

Answer: A (3.33% profit)

Explanation

Profit = ₦0.50 on ₦15, and 0.5/15 × 100 = 3.33% profit.