Question on: JAMB Mathematics - 2007
A man made a profit of 5% when he sold an article for N60,000.00. How much would he have to sell the article to make a profit of 26%?
A
N65,000
B
N68,000
C
N70,000
D
N72,000
Ask EduPadi AI for a detailed answer
Correct Option: D
Let the cost price be C. For the profit of 5%, selling price = 105% C = N60,000
therefore C = (\frac{100}{105}) x N60,000
For a profit of 26%, the selling price = 126%C
= (\frac{126}{100})C x (\frac{100}{105}) x N60,000
= N72,000
Add your answer
Please share this, thanks!
No responses