Ladi sold a car for N84,000 at a loss of 4%. How much did ladi buy the car

Assessment: WAEC SSCE - General Mathematics - 2005 (Objective) Subject: General Mathematics

Question 1 Report

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.

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