WAEC - Mathematics (2005 - No. 44)
Ladi sold a car for N84,000 at a loss of 4%. How much did ladi buy the car?
80,500
80,640
87,360
87,500
Explanation
SP = 84,000
Loss% = 4%
100% = 4% = 96% = \(\frac{96}{100}\)
Reverse \(\frac{96}{100}\) and use it to multiply SP to get the cost price.
CP = 84,000 x \(\frac{100}{96}\) = N 87500.
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