A man bought a second-hand photocopying machine for N34,000. He serviced is at a cost…

A man bought a second-hand photocopying machine for N34,000. He serviced is at a cost od N2,000 and then sold it at a profit of 15%. What was the selling price?

  • A.
    N37,550
  • B.
    N40,400
  • C.
    N41,400
  • D.
    N42,400
Correct Answer: Option C
Explanation

C.P = N34000 + N2000 = N36000
Gain = 100 + 15 = 115%
S.P = (frac{115}{100}times frac{N3600}{1})
= N41400

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