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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 1:
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 2:
Tade bought 200 mangoes at 4 for 30 out of the mangoes got spoilt and the remaining were sold at 2 for Find the percentage profit or loss.
  • A 43.6% loss
  • B 35% profit
  • C 63.2% profit
  • D 28% loss
View Answer & Explanation
Question 3:
A man bought a car newly for #1,250,000. He had a crash with the car and later sold it at the rate of #1,085,000. What is the percentage gain or loss of the man?
  • A 43.7% loss
  • B 13.2% gain
  • C 13.2% loss
  • D 43.7% gain
View Answer & Explanation
Question 4:
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 5:
A car dealer bought a second-hand car for of 250,000 and spent N 70,000 refurbishing it. He then sold the car for N400,000. What is the percentage gain?
  • A 60%
  • B 32%
  • C 25%
  • D 20%
View Answer & Explanation