Test Index

WAEC Commerce 2010 Paper

Question : 48

Total: 50

What is the percentage of expenses over cost?

Solution:

Concept:

Percentage of expenses over cost is the repair cost expressed as a percentage of the original purchase price.

Explanation:

Cost price of bicycle

= \#20{,}000

Repair expenses

= \#5{,}000

Required percentage

= \frac{\text{Repair expenses}}{\text{Cost price}} \times 100

= \frac{5{,}000}{20{,}000} \times 100 = 25\%

Answer:

25\%

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