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WAEC SSCE - General Mathematics - 2003 (Objective)

Ajụjụ 1 Ripọtì

A man made a loss of 15% by selling an article for N595. Find the cost price of the article

Akọwa Nkọwa
To find the cost price of the article, we need to use the formula: Selling price = Cost price - Loss where the loss is given as a percentage of the cost price. In this case, the loss is 15%. Let's first convert the loss percentage to a decimal: 15% = 0.15 Now we can substitute the given values into the formula: N595 = Cost price - 0.15(Cost price) Simplifying this equation, we get: N595 = Cost price - 0.15Cost price N595 = 0.85Cost price To solve for the cost price, we can divide both sides of the equation by 0.85: Cost price = N595 ÷ 0.85 Cost price = N700 Therefore, the cost price of the article is N700.00.