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Chima Sunday (Tutor)
10-06-2016 15:41:00 +0000
Write your question here, Keep it simple and clear to get the best answer and explanation not only from the tutor, also from our over 2000 Genius in this forum.
When your question is answered, thank the person that answered it. If its in disagreement with what you think or you need more clarification ask question. Keeping silent is an offense, lol.
Pls is there anyone that has any info about oau post utme
10-06-2016 16:11:00 +0000
what is the meaning of flabbergasted
10-06-2016 21:02:00 +0000
more information on post utme
are we still doing it or not, about poly
10-06-2016 21:03:00 +0000
Pls any new on utme
11-06-2016 21:47:00 +0000
Pls, I need a worked out solution on this question:
After allowing a discount of 11.11%, a trader still makes a gain of 14.28%. At what percentage of interest does the trader mark his goods?
A. 28.5% B. 35% C. 22.22% D. 20% E. None
15-06-2016 19:22:00 +0000
info about OAU please
18-06-2016 21:31:00 +0000
flabbergasted means (astonished,surprised)
19-06-2016 22:02:00 +0000
Pls, my question is yet to be answered @ tutor
20-06-2016 06:31:00 +0000
Chima Sunday (Tutor)
Yah Adeyemi Blessing, i am aware, was expecting contributions from your co jambites. Nevertheless here is my solution.
Cost price % = 100
Selling price % = 100 + 14.28 = 114.28
If we designate the mark price % = y
so for a discount of 11.11% below the mark price, the selling price = (100 - 11.11)of y%
so that (100 - 11.11)y/100 = 114.28
by subject formular y = 114.28/88.89 * 100 = 128.5633%
recall that cost price = 100%
so mark price % = 128.5633 - 100 = 28.5633%
from the options given the option closest to this value is Option A, hence the answer.
You can ask questions if you have.
20-06-2016 11:56:00 +0000