Question 10
Ratio, Percentages and RatesA trader gave a change of ₦540.00 instead of ₦570.00 to a customer. Calculate the percentage error.
- A.55/19%
- B.55/9%
- C.57/19%
- D.57/9%
Show the answer and explanation
Answer: A (55/19%)
Explanation
Error = ₦30. Percentage error = 30/570 × 100% = 100/19 % = 55/19%.