JAMB Mathematics 2023 Objective — Question 2
Question 2 of 40 from the Joint Admissions and Matriculation Board (JAMB) Mathematics 2023 Objective paper, with the correct answer and a full explanation.
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A motorcycle dealer bought a used motorcycle for ₦125,000 and spent ₦35,000 refurbishing it. He then sold it for ₦200,000. What is the percentage gain?
- A. 44%
- B. 30%
- C. 25%Correct
- D. 22%
Explanation
Total cost=₦160,000. %gain=(200,000-160,000)/160,000×100%=25%.
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