Question 7

waecmaths question: 

A trader bought 100 tubers of yam at 5 for N350.00. She sold them in set of 4 for N290.00. Find her gain percent

Option A: 

3.6% 

Option B: 

3.5% 

Option C: 

3.4% 

Option D: 

2.5%

waecmaths solution: 

$\begin{align}  & \text{The cost price of the yam is }N350\times 20=N7000 \\ & \text{The total selling price is }N290\times 25=N7250 \\ & \text{Profit}=NN7250-N7000=N250 \\ & \text{Percent Profit}=\frac{250}{7000}\times 100=3.57percent \\\end{align}$

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