Profit and loss percent - Jamb Mathematics Past Questions and Answers

Question 6:

• JAMB 2019

Tade bought 200 mangoes at 4 for #2.50. 30 out of the mangoes got spoilt and the remaining were sold at 2 for #2.40. Find the percentage profit or loss.

A. 43.6% loss
B. 35% profit
C. 63.2% profit
D. 28% loss

Question 7:

• JAMB 2015

A man sells his new brand car for N420,000 at a gain of 15%. What did it cost him?

A. N410,000
B. N365, 217
C. N157, 250
D. N257,000

Question 8:

• JAMB 2015

A man bought a car for N800 and sold it for N520. Find his loss per cent

A. 15%
B. 25%
C. 35%
D. 10%

Question 9:

• JAMB 2015

A public car dealer marked up the cost of a car at 30% in an attempt to make 20% gross profit. Due to the value of dollar, he now placed 20% discount on the car. What profit or loss will he make?

A. 3%
B. 2%
C. 4%
D. 1%

Question 10:

• JAMB 2014

A woman bought a grinder for N60,000. She sold it at a loss of 15%. How much did she sell it?

A. N53,000
B. N52,000
C. N51,000
D. N50,000