waecmaths question:
A trader brought 100 oranges at 5 for N40.00 ad sold them at 20 for N120.00. Find the profit or loss percent
Option A:
20% profit
Option B:
20% loss
Option C:
25% profit
Option D:
25% loss
waecmaths solution:
$\begin{align} & \text{Total cost of oranges}=\frac{N40\times 100}{5}=N800 \\ & \text{Total selling price}=\frac{N120\times 100}{20}=N600 \\ & percentage\text{ }loss=\frac{N(800-600)}{800}\times 100percent=25percentloss \\\end{align}$
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