passwella.
Menu

WAEC Mathematics 2025 Question 29

Question 29

Commercial Arithmetic

John sold an article for ₦105,000.00 at a loss of 4%. Find the cost price of the article.

  1. A.₦100,800.00
  2. B.₦105,400.00
  3. C.₦109,200.00
  4. D.₦109,375.00
Show the answer and explanation

Answer: D (₦109,375.00)

Explanation

At a 4% loss the selling price is 96% of the cost: cost = 105 000 ÷ 0.96 = ₦109,375.