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Tade bought 200 mangoes at 4 for ₦2.50. 30 out of the mang...
utme-mathematics-2019 jamb jamb-2019 jamb-mathematics-2019 math
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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.

A. 43.6% loss

B. 35% profit

C. 63.2% profit

D. 28% loss

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adeb
Asked by adebrep:517
School not set Nigeria
24 August 2020

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judziy
Judziy answeredrep:2.1K
University of Benin Nigeria
31 August 2020
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cost price = 200/4 x ₦2.50 = ₦125

If 30 out of 200 got spolit, the remaining will be 200 - 30 = 170.

selling price = 170/2 x ₦2.40 = ₦204

Thus, the profit will be ₦204 - ₦125 = ₦79

percent profit = profit/cost price x 100

= 79/125 x 100 

= 63.2%

Answer: C

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