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21 September, 17:21

Muiz bought 8 mangoes for

N160.00 and sold each one for

N25.00. What was his percentage

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Answers (1)
  1. 21 September, 20:25
    0
    25%

    Explanation:

    The computation of his gain percentage is shown below:

    Data provided in the question

    Number of mangoes bought = 8

    Purchase price of 8 mango = 160

    Sale value of each mango = 25

    Based on the above information, the sale value of each 8 mangoes is

    = 25 * 8

    = 200

    Now the profit percentage is

    = (Sale value - purchase value) : (purchase value)

    = (200 - 160) : (160)

    = 25%
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