Tade bought 200 mangoes at 4 for ₦2.50. 30 out of ...
Tade bought 200 mangoes at 4 for ₦2.50. 30 out of the mangoes got spoilt and the remaining were sold at 2 for ₦2.40. Find the percentage profit or loss.
43.6% loss
35% profit
63.2% profit
28% loss
Correct answer is C
200 mangoes at 4 for N2.50
⟹ Total cost price = 2004×N2.50
= N 125.00
Since 30 mangoes got spoilt ⟹ Left over = 200 - 30
= 170 mangoes
170 mangoes at 2 for N 2.40
⟹ Total selling point = 1702×N2.40
= N 204.00
Profit : N (204.00 - 125.00) = N 79.00
% profit = 79125×100
= 63.2% profit.
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