Waec Model Questions Vol1 2019 Mathematics Question 2

Practice essay / theory question 2 from the 2019 Waec Model Questions Vol1 Mathematics examination. This question covers Fractions, Decimals and Percentages, Percentage Change, Profit and Loss .

Waec Model Questions Vol1 2019 Mathematics Essay / Theory

Topics: Fractions, Decimals and Percentages Percentage Change Profit and Loss

Question 2 WAEC_MODEL_QUESTIONS_VOL1 • 2019 • MATHEMATICS • essay

A merchant bought a batch of fabric for ₦12,500. He first increased the price by 20% to cover overheads, then offered a discount of 15% on the increased price to attract customers, and finally added a sales tax of 5% on the discounted price.

Question Parts

( a )

Determine the final selling price of the fabric (to the nearest naira).

( b )

Calculate the overall percentage gain or loss relative to the original cost price.

( c )

If the merchant wishes to achieve an overall profit of exactly 10% on the original cost, what single percentage discount should he apply after the 20% overhead increase, assuming the 5% sales tax is still added after the discount? (Give the discount to the nearest tenth of a percent.)

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About This Question

This is Waec Model Questions Vol1 2019 Mathematics Question 2. It is one of the essay questions from the 2019 Waec Model Questions Vol1 Mathematics examination.

The question covers Fractions, Decimals and Percentages, Percentage Change, Profit and Loss .

View More Waec Model Questions Vol1 2019 Mathematics Questions More Waec Model Questions Vol1 Practice Questions Back to Questions

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