Profit and loss percent - Jamb Mathematics Past Questions and Answers

Question 11:

• JAMB 1980

When a dealer sells a bicycle for N81 he makes a profit of 80%. What did he pay for the bicycle?

A. N73
B. N74.52
C. N75
D. N87.48
E. N75.52

Question 12:

• JAMB 1981

By selling an article for N45.00 a man makes a profit of 8%. For how much should he have sold it in order to make a profit of 32%?

A. N180.00
B. N59.00
C. N63.00
D. N58.00
E. N55.00

Question 13:

• JAMB 1982

A man bought wrist watch for N150 but was only able to sell it for N120. Find the loss per cent on the transaction

A. 25%
B. 11%
C. 20%
D. 80%
E. 30%

Question 14:

• JAMB 1982

A housewife bought 3 kilograms of garri at N13.00 per kg. She deposited N160. 00 for half a cow and bought 24 oranges at 10k each. She came back home with N20.60. She therefore left home with

A. N220.00
B. N222.00
C. N201.40
D. N202.00
E. N180.80

Question 15:

• JAMB 1983

A construction company is owned by two partners X and Y and it is agreed that their profit will be divided in the ratio 4:5. At the end of the year, Y received N5,000 more than X. What is the total profit of the company for the year?

A. N20, 000
B. N25,000
C. N30,000
D. N15,000
E. N45, 000