Post-UTME Mathematics 2005 Objective — Question 10
Question 10 of 26 from the Post-UTME Screening (Post-UTME) Mathematics 2005 Objective paper, with the correct answer and a full explanation.
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When a TV set is sold for N18,700 the profit is 10%. What should be the selling price to make a profit of 18%?
- A. N17,060
- B. N19,020
- C. N20,000Correct
- D. N22,000
Explanation
Cost price = 18700/1.10 = 17,000. New selling price at 18% profit = 17000 x 1.18 = 20,060, closest matching listed option is C (N20,000).
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