A trader bought a radio for ₦8,000 and sold it for ₦10,000. Find the percentage profit.
A25%CORRECT
B2%
C20%
D15%
Common EntranceMathematicsProfit and Loss
AI
Toaster Teacher
Why the answer is A, and why the others tempt you.
Profit = ₦2,000; 2,000/8,000 x 100 = 25%.
Want this in Pidgin, Yoruba, Igbo or Hausa? Sign up free →
Practice more Mathematics questions
Common Entrance Mathematics has thousands more questions like this — with Worked answers on every one.