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JAMB Mathematics

A man bought a second hand photocopying machine for ₦34,000. He serviced it at a cost of ₦2,000 and then sold it at a profit of 15%. What is the selling price?

a.

₦37,550

b.

₦40,400

c.

₦41,400

d.

₦42,400

Correct answer: C

The total cost price of the photocopying machine is 34,000+2,000=36,000₦34,000 + ₦2,000 = ₦36,000. The man sold it at a profit of 15%15 \% so the selling price will be 100+15100×36000=41400\frac{100+15}{100} \times 36000 = ₦41400

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