By selling an article for N45.00 a man makes a profit of ...
By selling an article for N45.00 a man makes a profit of 8%. For how much should he have sold it in order to make a profit of 32%?
N180.00
N59.00
N63.00
N58.00
N55.00
Correct answer is E
When C.P = N45.00 at 8% profit
C.P = 100108 x 45
at profit of 32%, S.P = 132100 x c.p
= 132100 x 100×45108
= 5940108
= N55.00