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A woman bought a grinder for N60,000. She sold it at a lo...

A woman bought a grinder for N60,000. She sold it at a loss of 15%. How much did she sell it?

A.

N53,000

B.

N52,000

C.

N51,000

D.

N50,000

Correct answer is C

SP = Nx
CP = N60,000
Percentage loss = 15%
Using percentage loss...

CPSPCP=100%

15%=60000x60000×100%

15%×60000=(60000x)100%

60000x=15%×60000100%

60000 - x = 3 x 3000

60000 -x = 9000

x = 60000 - 9000

x = N51,000