Verified Answer :

GinnyAnswer

To determine the car's original cost before it was sold for ₦840,000, with the selling price being 40% more than the original cost, follow these steps:

1. Understand the relationship between the original cost and selling price:
The selling price is 40% more than the original cost. If we denote the original cost by \(\( C \)\), then the selling price can be expressed as:
\(\[ \text{Selling Price} = C + 0.40C = 1.40C \]\)

2. Set up the equation:
We know the selling price is ₦840,000. Using the above relationship:
\(\[ 1.40C = 840,000 \]\)

3. Solve for the original cost \(\( C \)\):
To isolate \(\( C \)\), divide both sides of the equation by 1.40:
\(\[ C = \frac{840,000}{1.40} \]\)

4. Perform the division:
\(\[ C \approx 600,000 \]\)

Therefore, the original cost of the car is ₦600,000.

So, the correct answer is:
A. ₦600,000

Related Questions