Question

A trader bought 60 article for N25000 and sold them at N6000 per dozen.

(i) find the total profit
(ii) find the percentage profit
(c) Find the principal which amounts to N2736 in 3 1/2 years at 4% simple interest

Answer 1

Explanation:

N6000×5=N30000

1)N30000-N25000=N5000

2)N5000÷N25000×100℅=20℅