WAEC Mathematics 2003 Question 48

Question 48

Commercial Arithmetic

A man made a loss of 15% by selling an article for N595. Find the cost price of the article

  1. A.N600.00
  2. B.N684.25
  3. C.N700.00
  4. D.N892.50
Show the answer and explanation

Answer: C (N700.00)

Explanation

N595 is 85% of the cost price: 595 ÷ 0.85 = N700.