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WAEC Mathematics 2005 Question 49

Question 49

Commercial Arithmetic

Ladi sold a car for N84,000 at a loss of 4%. How much did Ladi buy the car?

  1. A.N80,500
  2. B.N80,640
  3. C.N87,360
  4. D.N87,500
Show the answer and explanation

Answer: D (N87,500)

Explanation

N84,000 is 96% of the cost price: 84,000 ÷ 0.96 = N87,500.