By selling some crates of soft drinks for N600.00, a dealer makes a profit of 50%. How much did the dealer pay for the drinks?
A
N1,200.00
B
N900.00
C
N450.00
D
N400.00
E
N200.00
Verified Correct Answer: D.
Step-by-Step Mathematical Solution
S.P = N600.00
(100 + 50)% = N600
150% = N600
1% = \(\frac{600}{150}\)
100% = \(\frac{600}{150} \times 100%\)
= N400
Source: Myschool Past Questions Archive (Record #23691)