A trader bought goats for N4000 each. He sold them for N180,000 at a loss...

Mathematics

JAMB 2002

A trader bought goats for N4000 each. He sold them for N180,000 at a loss of 25%. How many goats did he buy?

A. 60
B. 50
C. 45
D. 36

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Correct Answer: Option A

Explanation

Let the number of goats be X
C.P of X goats = N4000X
S.P of X goats = (75/100) x 4000X = N3000X

3000X = 180,000

=> X = 180000/3000 = 60.
X = 60 goats

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A trader bought goats for N4000 each. He sold them for N180,000 at a loss...

Correct Answer: Option A

Explanation

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