Profit and loss percent - Jamb Mathematics Past Questions and Answers

Question 16:

• JAMB 1984

P sold his bicycle to Q at a profit of 10%. Q sold it to R for N209 at a loss of 5%. How much did the bicycle cost P?

A. N200
B. N196
C. N180
D. N205
E. N150

Question 17:

• JAMB 1987

Two brothers invested a total of N5,000.00 on a farm project, the farm yield was sold for N 15,000.00 at the end of the season. If the profit was shared in the ratio 2 : 3, what is the difference in the amount to profit received by the brothers?

A. N2,000.00
B. N4,000.00
C. N6,000.00
D. N10,000.00

Question 18:

• JAMB 1987

By selling 20 oranges for N1.35 a trader makes a profit of 8%. What is his percentage gain or loss if he sells the same 20 oranges for N1.10?

A. 8%
B. 10%
C. 12%
D. 15%

Question 19:

• JAMB 1991

Factory P produces 20,000 bags of cement per day while factory Q produces 15,000 bags per day. If P reduces production by 5% and Q increases production by 5%, determine the effective loss in the number of bags produced per day by the two factories

A. 250
B. 750
C. 1000
D. 1250

Question 20:

• JAMB 1998

A market woman sells oil in cylindrical tins 10cm deep and 6cm in diameter at N15.00 each. If she bought a full cylindrical jug 18cm deep and 10cm in diameter for N50.00, how much did she make by selling all the oil?

A. N62.50
B. N35.00
C. N31.00
D. N25.00