Muiz bought 8 mangoes for
N160.00 and sold each one for
N25.00. What was his percentage

25%

Explanation:

The computation of his gain percentage is shown below:

Data provided in the question

Number of mangoes bought = 8

Purchase price of 8 mango = 160

Sale value of each mango = 25

Based on the above information, the sale value of each 8 mangoes is

= 25 × 8

= 200

Now the profit percentage is

= (Sale value - purchase value) ÷ (purchase value)

= (200 - 160) ÷ (160)

= 25%

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