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WAEC Mathematics 2015 Question 41

Question 41

Commercial Arithmetic

A trader bought 100 oranges at 5 for N40.00 and sold them at 20 for N120.00. Find the profit or loss per cent.

  1. A.20% profit
  2. B.20 % loss
  3. C.25 % profit
  4. D.25 % loss
Show the answer and explanation

Answer: D (25 % loss)

Explanation

Cost per orange = N8, selling price = N6, so there is a loss of N2 on N8, i.e. 25% loss.