Mathematics Practice Test – Percentages, Profit and Loss, Simple Interest (Questions with Answers and Explanations)

A salesman sold an article for N 450 at a loss of 4%. At which price should he have sold the article to make a profit of 8%? (JAMB 2022)

A man bought 220 mangoes at N 5x. He sold each for 3x kobo and made a gain of N 8. Find the value of x. (WASSCE 2005)

If the simple interest on a certain amount of money saved in a bank for 5 years at 2½% per annum is N 500.00, calculate the total amount due after 6 years at the same rate.

A car was put on sale for N 12,000. It was sold for a discount of 20%. How much was paid for it? (JAMB 2017)

A woman bought a grinder for N 60,000. She sold it at a loss of 15%. How much did she sell it? (JAMB 2014)