A man made a profit of 5% when he sold an article for N60,000.00. How much would he have sell the article to make a profit of 26%
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Correct Answer: Option B
Explanation:
5% profit = 100 + 5 = 105%
26% profit = 100 + 26 = 126%
∴ 105% → N60,000
1% → 60000/15
126% = 1000/105 x 126/1
=N72,000
5% profit = 100 + 5 = 105%
26% profit = 100 + 26 = 126%
∴ 105% → N60,000
1% → 60000/15
126% = 1000/105 x 126/1
=N72,000