Question 7
(a) A television set purchased for N65, 000.00 depreciates by 14% per year. Find the value of the television at the end of the third year.
(b)A trader bought 240 oranges at 3 for GH ¢1.00 and sold them at GH ¢ 0.50 each. Calculate the:
(i) total cost;
(ii) total sales, of the oranges.
(iii) percentage profit.
Observation
The Chief Examiner reported that performance of candidates in the question was not encouraging. Many candidates failed the unit which made them to lose some mark.
