By selling some crates of soft drinks for ₦600.00, a dealer makes a profit of 50%. How much did the dealer pay for the drinks?

WAEC 2025

By selling some crates of soft drinks for ₦600.00, a dealer makes a profit of 50%. How much did the dealer pay for the drinks?

A₦400.00
B₦1200.00
C₦900.00
D₦450.00

Explanation

Let the cost price be CP. Selling Price (SP) = CP + 50% of CP = 1.5 * CP. Given SP = ₦600.00, we have 1.5 * CP = 600, so CP = 600 / 1.5 = ₦400.00.

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