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Mathematics Past Questions and Answers

Topic: Profit and loss percent

Jamb Mathematics Questions - Profit and loss percent

Question 11:
A public car dealer marked up the cost of a car at 30% in an attempt to make 20% gross profit. Due to the value of dollar, he now placed 20% discount on the car. What profit or loss will he make?
  • A 3%
  • B 2%
  • C 4%
  • D 1%
View Answer & Explanation
Question 12:
A woman bought a grinder for N60,000. She sold it at a loss of 15%. How much did she sell it?
  • A N53,000
  • B N52,000
  • C N51,000
  • D N50,000
View Answer & Explanation
Question 13:
The annul profits of a transport business were divided between the partners A and B in the ratio 3 : 5. If B received N3000 more than A, the total profit was
  • A N5000
  • B N1800
  • C N12000
  • D N24000
  • E N8000
View Answer & Explanation
Question 14:
When a dealer sells a bicycle for N81 he makes a profit of 80%. What did he pay for the bicycle?
  • A N73
  • B N74.52
  • C N75
  • D N87.48
  • E N75.52
View Answer & Explanation
Question 15:
By selling an article for N45.00 a man makes a profit of 8%. For how much should he have sold it in order to make a profit of 32%?
  • A N180.00
  • B N59.00
  • C N63.00
  • D N58.00
  • E N55.00
View Answer & Explanation