WAEC Mathematics 2015 Objective — Question 41
Question 41 of 50 from the West African Examinations Council (WAEC) Mathematics 2015 Objective paper, with the correct answer and a full explanation.
Advertisement
A trader bought 100 oranges at 5 for #40.00 and sold them at 20 for #120.00. Find the profit or loss percent.
- A. 20% profit
- B. 20% loss
- C. 25% profit
- D. 25% lossCorrect
Explanation
Cost price = (100/5)×40 = #800. Selling price = (100/20)×120 = #600. Since SP<CP, loss = 800−600=#200. Loss% = (200/800)×100 = 25%.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.