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
Correct Answer: D. N400.00
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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