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?
N53,000
N52,000
N51,000
N50,000
Correct answer is C
SP = Nx
CP = N60,000
Percentage loss = 15%
Using percentage loss...
CP−SPCP=100%
15%=60000−x60000×100%
15%×60000=(60000−x)100%
60000−x=15%×60000100%
60000 - x = 3 x 3000
60000 -x = 9000
x = 60000 - 9000
x = N51,000