Ladi sold a car for N84,000 at a loss of 4%. How much did ladi buy the car
Answer Details
When Ladi sold the car, he made a loss of 4%. This means that he sold the car for 96% of its original value (100% - 4% = 96%). We can use this information to find the original price of the car.
Let's assume that the original price of the car was x Naira. Then, the selling price of the car (i.e., the price at which Ladi sold the car) would be 96% of x, or 0.96x Naira. We know that Ladi sold the car for N84,000, so we can set up an equation:
0.96x = 84,000
Solving for x, we get:
x = 84,000 / 0.96
x = 87,500
Therefore, the original price of the car was N87,500.
So the correct option is 4.