A man sells his new brand car for ₦420,000 at a gain of 15%. What did it cost him?

If the man sold the car for ₦420,000 at a gain of 15%, then we can find the cost price of the car using the following formula: Selling price = Cost price + Profit We know the selling price is ₦420,000 and the profit is 15% of the cost price. Let's call the cost price "x." Profit = 15% of x = 0.15x Substituting the values in the formula: ₦420,000 = x + 0.15x ₦420,000 = 1.15x To solve for x, we need to divide both sides by 1.15: x = ₦420,000 / 1.15 x = ₦365,217.39 Therefore, the cost price of the car was ₦365,217.39. So, option B - ₦365,217 is the correct answer.