A woman buys 270 oranges for N1800.00 and sells at 5 for N40.00. What is her profit?

  • A N2,160.00
  • B N1, 620.00
  • C N630.00
  • D N360.00
jamb 2003mathematics

The correct answer is D. N360.00

The woman bought 270 oranges for N1800.00, so the cost per orange is N1800.00 / 270 = N6.67.

She sells the oranges at 5 for N40.00, so the selling price per orange is N40.00 / 5 = N8.00.

Her profit per orange is N8.00 - N6.67 = N1.33.

Since she has 270 oranges, her total profit is 270 x N1.33 = N359.10, which can be rounded to N360.00.

So, her profit is N360.00

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