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Mathematics · Fractions, decimals, approximations and percentages

MathematicsFractions, decimals, approximations and percentagesJAMB

A trader buys goods for ₦12,000 and sells them for ₦15,000. Find the percentage profit.

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Answer: B. 25%

Profit = ₦3,000; percentage profit = 3,000/12,000 × 100% = 25% (always on the cost price).

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