Mathematics

A man made a profit of 5% when he sold an article for N60,000.00. How…

A man made a profit of 5% when he sold an article for N60,000.00. How much would he have sell the article to make a profit of 26%
  • A.
    N68,000
  • B.
    N72,000
  • C.
    N65,000
  • D.
    N70,000
Correct Answer: Option B
Explanation

5% profit = 100 + 5 = 105%
26% profit = 100 + 26 = 126%
∴ 105% → N60,000
1% → 60000/15
126% = 1000/105 x 126/1
=N72,000