A woman bought a grinder for N60,000. She sold it at a loss of 15%….

A woman bought a grinder for N60,000. She sold it at a loss of 15%. How much did she sell it?
  • A.
    N53,000
  • B.
    N52,000
  • C.
    N51,000
  • D.
    N50,000
Correct Answer: Option C
Explanation

SP = Nx
CP = N60,000
Percentage loss = 15%
Using percentage loss…
(frac{CP – SP}{CP} = text{100%})
(text{15%} = frac{60000 – x}{60000} times text{100%})
(text{15%} times 60000 = (60000 – x)text{100%})
(60000 – x = frac{text{15%} times 60000}{text{100%}})
60000 – x = 3 x 3000
60000 -x = 9000
x = 60000 – 9000
x = N51,000

There is an explanation video available below.

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