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JAMB UTME - Mathematics - 1984

Question 1 Report

P sold his bicycle to Q at a profit of 10%. How much did the bicycle cost P?
Answer Details
Let the selling price(SP from P to Q be represented by x
i.e. SP = x
When SP = x at 10% profit
CP =  100 100  + 10 of x =  100 110  of x
when Q sells to R, SP = ₦209 at loss of 5%
Q's cost price = Q's selling price
CP =  100 95  x 209
= 220.00
x = 220
=  2200 11
= 200
= ₦200.00