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%?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
Correct Answer: Option E
Explanation:
When C.P = N45.00 at 8% profit
C.P = \(\frac{100}{108}\) x 45
at profit of 32%, S.PÂ = \(\frac{132}{100}\) x c.p
= \(\frac{132}{100}\) x \(\frac{100 \times 45}{108}\)
= \(\frac{5940}{108}\)
= N55.00
When C.P = N45.00 at 8% profit
C.P = \(\frac{100}{108}\) x 45
at profit of 32%, S.PÂ = \(\frac{132}{100}\) x c.p
= \(\frac{132}{100}\) x \(\frac{100 \times 45}{108}\)
= \(\frac{5940}{108}\)
= N55.00