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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 16:
A man bought wrist watch for N150 but was only able to sell it for N120. Find the loss per cent on the transaction
  • A 25%
  • B 11%
  • C 20%
  • D 80%
  • E 30%
View Answer & Explanation
Question 17:
A construction company is owned by two partners X and Y and it is agreed that their profit will be divided in the ratio 4:5. At the end of the year, Y received N5,000 more than X. What is the total profit of the company for the year?
  • A N20, 000
  • B N25,000
  • C N30,000
  • D N15,000
  • E N45, 000
View Answer & Explanation
Question 18:
P sold his bicycle to Q at a profit of 10%. Q sold it to R for N209 at a loss of 5%. How much did the bicycle cost P?
  • A N200
  • B N196
  • C N180
  • D N205
  • E N150
View Answer & Explanation
Question 19:
Two brothers invested a total of N5,000.00 on a farm project, the farm yield was sold for N 15,000.00 at the end of the season. If the profit was shared in the ratio 2 : 3, what is the difference in the amount to profit received by the brothers?
  • A N2,000.00
  • B N4,000.00
  • C N6,000.00
  • D N10,000.00
View Answer & Explanation
Question 20:
By selling 20 oranges for N1.35 a trader makes a profit of 8%. What is his percentage gain or loss if he sells the same 20 oranges for N1.10?
  • A 8%
  • B 10%
  • C 12%
  • D 15%
View Answer & Explanation