WAEC 2014 · Paper 2 · Q6
- (a)
If , find .
- (b)
A television set was marked for sale at GH¢ 760.00 in order to make a profit of . The television set was actually sold at a discount of . Calculate, correct to 2 significant figures, the actual percentage profit.
Worked solution (try it first)
(a)
- One fraction equals another, so cross-multiply: .
- Expand both sides: .
- Multiply every term by 12 to clear the fractions: .
- So .
(b)
- The marked price, GH¢ 760.00, includes a profit, so it is of the cost price.
- Cost priceGH¢ 633.33.
- With a discount, the selling price is of the marked price: GH¢ 722.00.
- ProfitGH¢ 88.67.
- Percentage profit.