Test Index

JAMB Mathematics 2014 Paper

© africaexams.com

Question : 2

Total: 47

A woman bought a grinder for N60,000. She sold it at a loss of 15%. How much did she sell it?

N53,000
N52,000
N51,000
N50,000

Solution:

Concept:

Selling price is the cost price minus the loss amount.

Explanation:

Let the selling price be

x

.

Cost price is

N60{,}000

.

Percentage loss is

15\%

.

Loss

= 15\% \times 60000 = 0.15 \times 60000 = N9{,}000

.

Selling price

= 60000 - 9000 = N51{,}000

.

Answer:

She sold it for

N51{,}000

.

Correct option: C.

© africaexams.com

Go to Question:

Prev Question

Next Question