WAEC Mathematics 2022 Objective — Question 7
Question 7 of 50 from the West African Examinations Council (WAEC) Mathematics 2022 Objective paper, with the correct answer and a full explanation.
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A weaver bought a bundle of grass for $50.00 from which he made 8 mats. If each mat was sold for $15.00, find the percentage profit.
- A. 240%
- B. 140%Correct
- C. 120%
- D. 40%
Explanation
Cost price for 8 mats = $50. Selling price for 8 mats = 8×$15 = $120. % profit = (SP−CP)/CP × 100% = (120−50)/50 × 100% = 140%.
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