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Ladi sold a car for N84,000 at a loss of 4%. How much did ladi...

Mathematics
WAEC 2005

Ladi sold a car for N84,000 at a loss of 4%. How much did ladi buy the car?

  • A. 80,500
  • B. 80,640
  • C. 87,360
  • D. 87,500
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Correct Answer: Option D
Explanation

SP = 84,000

Loss% = 4%

100% = 4% = 96% = \(\frac{96}{100}\)

Reverse  \(\frac{96}{100}\) and use it to multiply SP to get the cost price.

CP = 84,000 x  \(\frac{100}{96}\) = N 87500.


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