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By selling some crates of soft drinks for N600.00, a dealer makes a profit of...

Mathematics
WAEC 1995

By selling some crates of soft drinks for N600.00, a dealer makes a profit of 50%. How much did the dealer pay for the drinks?

  • A. N1,200.00
  • B. N900.00
  • C. N450.00
  • D. N400.00
  • E. N200.00
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Correct Answer: Option D
Explanation

S.P = N600.00

(100 + 50)% = N600

150% = N600

1% = \(\frac{600}{150}\)

100% = \(\frac{600}{150} \times 100%\)

= N400


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