A man bought a second-hand photocopying machine for N34,000. He serviced it at a cost of N2,000 and then sold it at a profit of 15%. What was the selling price?
- N37,550
- N40,400
-
N41,400
- N42,400
The correct answer is: C
Explanation
C.P = N34000 + N2000 = N36000
Gain = 100 + 15 = 115%
S.P = \(\frac{115}{100}\times \frac{N3600}{1}\)
= N41400
There is an explanation video available .