When a dealer sells a bicycle for N81 he makes a profit of 8%. What did he pay for the bicycle?
 

  • A N73
  • B N74.52
  • C N75
  • D N87.48
  • E N75.52
jamb 1980mathematics

The correct answer is C. N75

If the profit is 8%, then we can set up the equation x + 0.08x = 81, where x is the cost price of the bicycle. Solving for x gives:

x = 81/1.08 = 75

So, if the dealer makes a profit of 8%, he pays N75 for the bicycle.

Previous question Next question