Bola sold an article for N6,900.00 and made a profit of 1...
Bola sold an article for N6,900.00 and made a profit of 15%. If he sold it for N6,600.00 he would make a
profit of 13%
loss of 12%
loss of 10%
loss of 5%
Correct answer is C
s.p = N6900
%profit = 15%
%profit = s.p−c.pc.p x 100%
15% = 6900−c.pc.p x 100%
15100c.p = N6900 - c.p
0.15 c.p = N6900 - c.p
1.15c.p + c.p = N6900
c.p = 69001.15
= 6000.00
Now new S.P = N6600
profit = s.p - c.p = 6000 - 6600
= 600
%profit = 6006600 x 100%
= 10%
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