JAMB - Mathematics (2007 - No. 30)
A man made a profit of 5% when he sold an article for N60,000.00. How much would he have sell the article to make a profit of 26%
N68,000
N72,000
N65,000
N70,000
Explanation
5% profit = 100 + 5 = 105%
26% profit = 100 + 26 = 126%
∴ 105% → N60,000
1% → \(\frac{60000}{105}\)
126% = \(\frac{60000}{105}\) x \(\frac{126}{1}\)
= N72,000.
26% profit = 100 + 26 = 126%
∴ 105% → N60,000
1% → \(\frac{60000}{105}\)
126% = \(\frac{60000}{105}\) x \(\frac{126}{1}\)
= N72,000.
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