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
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