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WAEC Mathematics 1995 Question 6

Question 6

Commercial Arithmetic

By selling some crates of soft drinks for N600.00, a dealer makes a profit of 50%. How much did the dealer pay for the drinks?

  1. A.N1,200.00
  2. B.N900.00
  3. C.N450.00
  4. D.N400.00
  5. E.N200.00
Show the answer and explanation

Answer: D (N400.00)

Explanation

Selling price = 150% of cost price, so cost = 600 × 100/150 = N400.00.