Question 123 of 480
A trader bought goats for N4000 each. He sold them for N180,000 at a loss of 25%. How many goats did he buy?
Correct Answer:
A
Explanation
To solve the problem of how many goats the trader bought, we need to break down the information given and use some basic mathematical concepts. Let's go through the steps carefully.
### Step 1: Understand the Selling Price and Loss
The trader sold the goats for N180,000 at a loss of 25%. This means that the selling price is 75% of the original cost price (because 100% - 25% = 75%).
### Step 2: Calculate the Cost Price
Letβs denote the total cost price of the goats as \( C \). The relationship between the selling price and the cost price can be expressed as:
\[
\text{Selling Price} = \text{Cost Price} \times (1 - \text{Loss Percentage})
\]
In this case, the loss percentage is 25%, so:
\[
\text{Selling Price} = C \times 0.75
\]
We know the selling price is N180,000, so we can set up the equation:
\[
180,000 = C \times 0.75
\]
### Step 3: Solve for Cost Price
To find \( C \), we can rearrange the equation:
\[
C = \frac{180,000}{0.75}
\]
Calculating this gives:
\[
C = 240,000
\]
This means the total cost price of all the goats is N240,000.
### Step 4: Determine the Number of Goats
Now, we know that each goat was bought for N4,000. To find out how many goats were bought, we can use the formula:
\[
\text{Number of Goats} = \frac{\text{Total Cost Price}}{\text{Cost Price per Goat}}
\]
Substituting the values we have:
\[
\text{Number of Goats} = \frac{240,000}{4,000}
\]
Calculating this gives:
\[
\text{Number of Goats} = 60
\]
### Conclusion
The trader bought **60 goats**. Therefore, the correct option is **A. 60**.
### Explanation of Other Options
- **Option B (50)**: If the trader had bought 50 goats, the total cost would be \( 50 \times 4,000 = 200,000 \). Selling at a loss of 25% would mean selling for \( 200,000 \times 0.75 = 150,000 \), which does not match the selling price of N180,000.
- **Option C (45)**: If the trader had bought 45 goats, the total cost would be \( 45 \times 4,000 = 180,000 \). Selling at a loss of 25% would mean selling for \( 180,000 \times 0.75 = 135,000 \), which again does not match the selling price of N180,000.
- **Option D (36)**: If the trader had bought 36 goats, the total cost would be \( 36 \times 4,000 = 144,000 \). Selling at a loss of 25% would mean selling for \( 144,000 \times 0.75 = 108,000 \), which does not match the selling price of N180,000.
### Revision Summary
- The selling price of N180,000 represents 75% of the total cost price due to a 25% loss.
- The total cost price was calculated to be N240,000.
- Dividing the total cost price by the cost per goat (N4,000) gives the number of goats bought as 60.
- The other options do not satisfy the conditions of the problem based on the calculations.