NECO Mathematics 2022 Objective — Question 48
Question 48 of 50 from the National Examinations Council (NECO) Mathematics 2022 Objective paper, with the correct answer and a full explanation.
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A trader made a loss of 15% when an article was sold. Find the ratio of the selling price to the cost price.
- A. 3:20
- B. 3:17
- C. 17:20Correct
- D. 20:23
Explanation
%loss = (CP-SP)/CP x 100 = 15%. So CP-SP = 0.15CP, meaning SP = 0.85CP. SP:CP = 0.85:1 = 17:20.
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