Question 31
Commercial ArithmeticA trader bought sachet water for GH¢ 55.00 per dozen and sold them at 10 for GH¢ 50.00. Calculate, correct to 2 decimal places, his percentage gain.
- A.8.00%
- B.8.30%
- C.9.09%
- D.10.00%
Show the answer and explanation
Answer: C (9.09%)
Explanation
Cost per sachet = 55/12 ≈ GH¢4.583; selling price = GH¢5.00. Gain = 0.417/4.583 × 100% ≈ 9.09%.