passwella.
Menu

WAEC Mathematics 2010 Question 36

Question 36

Commercial Arithmetic

Bala sold an article for ₦6,900.00 and made a profit of 15%. If he sold it for ₦6,600.00 he would make a:

  1. A.profit of 13%.
  2. B.loss of 12%.
  3. C.profit of 10%.
  4. D.loss of 5%.
Show the answer and explanation

Answer: C (profit of 10%.)

Explanation

Cost price = 6900 ÷ 1.15 = ₦6,000. Selling at ₦6,600 gives ₦600 profit = 10%.