A man bought a second-hand photocopying machine for N34,000. He serviced it at a cost of N2,000 and then sold it at a profit of 15%. What was the selling price?
A
N37,550
B
N40,400
C
N41,400
D
N42,400
Verified Correct Answer: C.
Step-by-Step Mathematical Solution
C.P = N34000 + N2000 = N36000
Gain = 100 + 15 = 115%
S.P = \(\frac{115}{100}\times \frac{N3600}{1}\)
= N41400
Source: Myschool Past Questions Archive (Record #9307)