JAMB Mathematics 2009 Objective — Question 5
Question 5 of 50 from the Joint Admissions and Matriculation Board (JAMB) Mathematics 2009 Objective paper, with the correct answer and a full explanation.
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A man bought a second-hand photocopying machine for #34,000. He serviced it at cost #2,000 and then sold it at a profit of 15%. What was the selling price?
- A. #37,550
- B. #40,400
- C. #41,400Correct
- D. #42,400
Explanation
Total Cost Price = N34,000+N2,000 = N36,000. %P = (S.P-C.P)/C.P x 100. 15% = (S.P-36000)/36000 x 100. S.P = 1.15 x 36,000 = N41,400.
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