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MATHEMATICS PRACTICE QUESTIONS

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PROFIT & LOSS

1.

Mr. Amuzu sold his car through an agent who charged 9% commission on the selling price.

If Amuzu received GH₵ 236,600.00 after the sale, find the selling price of the car.

A.

GH₵ 238,400.00

B.

GH₵ 248,000.00

C.

GH₵ 260,000.00

D.

GH₵ 273,000.00

2.

A market woman demands GH₵ 15.00 for a tin of local rice. After some bargaining with a customer, she sells 5 tins for GH₵ 66.00. By what percentage did she reduce her original price?

A.

15 %

B.

6 %

C.

9 %

D.

12 %

3.

A trader paid import duty of 38 kobo in the naira on the cost of an engine. If a total of ₦ 22,800.00 was paid as import duty, calculate the cost of the engine.

A.

₦60,000.00

B.

₦120,000.00

C.

₦24,000.00

D.

₦18,000.00

4.

Fati buys milk at ₦ x per tin and sells each at a profit of ₦ y. If she sells 10 tins of milk, how much does she receive from the sales?

A.

₦ 10(x + y)

B.

₦ (10x + y)

C.

₦ (x + 10y)

D.

₦ (xy + 10)

5.

Bala sold an article for ₦6,900.00 and made a profit of 15%. calculate his percentage profit if he had sold it for ₦6,600.00.

A.

13%

B.

12%

C.

10%

D.

5%

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