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Saturday, 15 August 2026
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Mathematics Past Questions and Answers

Topic: Profit and loss percent

Jamb Mathematics Questions - Profit and loss percent

Question 6:
Tade bought 200 mangoes at 4 for #2.50. 30 out of the mangoes got spoilt and the remaining were sold at 2 for #2.40. Find the percentage profit or loss.
  • A 43.6% loss
  • B 35% profit
  • C 63.2% profit
  • D 28% loss
View Answer & Explanation
Question 7:
A trader realises 10x - x\(^2\) Naira profit from the sale of x bags of corn. How many bags will give him the maximum profit?
  • A 7
  • B 6
  • C 5
  • D 4
View Answer & Explanation
Question 8:
A man with an annual salary of N2000, has allowances of N600. If Income Tax is 5%. How much tax does he pay each year?
  • A 15
  • B 20
  • C 30
  • D 25
View Answer & Explanation
Question 9:
A man sells his new brand car for N420,000 at a gain of 15%. What did it cost him?
  • A N410,000
  • B N365, 217
  • C N157, 250
  • D N257,000
View Answer & Explanation
Question 10:
A man bought a car for N800 and sold it for N520. Find his loss per cent
  • A 15%
  • B 25%
  • C 35%
  • D 10%
View Answer & Explanation