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JAMB Mathematics 2019 Paper

Question : 47

Total: 73

Solution:

Concept:

Loss occurs when selling price is less than cost price.

Percentage loss is calculated on the cost price.

Explanation:

Cost price

= ₦1,250,000

Selling price

= ₦1,085,000

Since selling price is lower, there is a loss.

Loss

= 1,250,000 - 1,085,000 = ₦165,000

Percentage loss

= \frac{\text{Loss}}{\text{Cost price}} \times 100\%

= \frac{165,000}{1,250,000} \times 100\%

= 0.132 \times 100\% = 13.2\%

loss.

Answer:

The man made a

13.2\%

loss, so the correct option is C.

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