A woman buys 270 oranges for ₦1800.00 and seels at 5 for ₦40.00. What is her profit?

Assessment: JAMB UTME - Mathematics - 2003 Subject: General Mathematics

Question 1 Report

A woman buys 270 oranges for ₦1800.00 and seels at 5 for ₦40.00. What is her profit?
Answer Details
The cost of one orange can be found by dividing the total cost by the number of oranges: Cost of one orange = 1800/270 = ₦6.67 (rounded to two decimal places) The selling price of 5 oranges is ₦40.00. So the selling price of one orange is: Selling price of one orange = 40/5 = ₦8.00 Profit per orange = Selling price - Cost price = ₦8.00 - ₦6.67 = ₦1.33 Total profit = Profit per orange x number of oranges sold = ₦1.33 x 270 = ₦359.10 Therefore, the woman's profit is ₦360.00 (rounded up to the nearest naira). So the answer is: ₦360.00
Read lesson note on Financial Arithmetic (WAEC)
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