A trader bought goats for N4000 each. He sold them for N180,000 at a loss of 25%. How many goats did he buy?

Answer Details

Let's start by using a bit of math to understand the problem. We know that the trader bought each goat for N4000, and sold them for N180,000. We also know that he sold them at a loss of 25%. If the trader sold the goats at a loss of 25%, it means that he sold them for only 75% of their original value. We can calculate the original value of the goats by dividing the selling price by 75% or multiplying it by 4/3. So, the original value of the goats = 180,000 * (4/3) = 240,000. Since the trader bought each goat for N4000, we can find out how many goats he bought by dividing the total value of the goats (N240,000) by the price he paid for each goat (N4000). Number of goats = 240,000 / 4000 = 60. Therefore, the trader bought 60 goats. To summarize, the trader bought 60 goats and sold them for N180,000 at a loss of 25%. We found the answer by calculating the original value of the goats and dividing it by the price the trader paid for each goat.