₦airaland Forum

adanny01: Yours is the most simple straight forward of all solutions i have seen. Its perfect for me.

The op seems to also get it wrong for accepting as correct 12.5% for the answer while his question refered to the percentage of the total amount kelly had which is 10%. The right answer is 10% not 12.5 as the op accepted.

The second question is where you didnt take the question for what it is, although still ambigious. I understand that question is off for asking 'what percentage of the profit is the markup price' while you answered 'what percentage of the markup price is the profit' or 'percentage of profit in the markup price'. The two just as i bolded are not the same but an exact opposite of each other . Your answer suits logical thinking making the original question faulty. Logically, the op should have asked 'what percentage of the markup price is the profit' but did it the other way round.

just checked my errors. The correct ans for the first is 10% over-confi killed moi. My badda.

bone1990: No 1 is 10percent.. No 2 can't be solved becos we know not the cost price

yeah. Its ten. Just checked my errors. Thanks for attemptin.

McWhillion: I ve this for you guys,

There are 3 persons Wale, Femi, and Dele. Wale lent cars to Femi and Dele as many as they had already. After some time Femi gave as many cars to Wale and Dele as many as they have. After sometime Dele did the same thing. At the end of this transaction each one of them had 24 cars. Find the cars each originally had.

CarlOzeki, Snowland, Tinkybabe, hopelink1,
paranorman, vengeance, kobonaire, meryl4merit.... YOUR ATTENTIONS ARE NEEDED!

from the look of the question, Wale's got to ave the highest number of cars. Wale's got 39 cars, Femi 21 and poor guy Dele has got just 12.

This ur question get as e be. Very funny question. Not clear, implicit; ambiguous!
Lets make these assumptions anyway:

1.Players are paid wages weekly
2. There'r 52 weeks in year.
3. 7 days a week.
4. Income is taxed weekly.

Income before tax:
ronaldo, 1.5x
bale; x
isco, 0.75x

income after tax:
ronaldo; 0.825x
bale; 0.55x
isco; 0.4125x

ronaldo's annual tax = 52*0.675x = 35.1x = messi's wages in 14 weeks and 5 days.

14weeks+5 days= 103 days.
Messi's income per day= 35,1x/103
messi's income per week= (35.1x/103)*7= 2.39x

therefore, messi's income after tax=0.55*2.39x= 1.3145x

so in terms of x, income after tax for each repective player per week is;
ronaldo's = 0.825x
bale= 0.55x
isco=0.4125x
messi= 1.3145x

i had to make some assumptions. I even assume ur question.

kobonaire: Let's say Kelly initially had x Naira. So if she too 20% then
Money taken to market : 0.2x
Money left at home : 0.8x

Radio initial listing price was 25% higher than what she took to the market which means
1.25 * 0.2x= 0.25x

Seller adjusted price was 50% of what she had left at home => 0.5*0.8x= 0.4x
And this price is a 14 2/7% markup of what it actually should have listed for => 1.1427 of what it should have listed for. (The question becomes ambiguous here IMHO).

Anyway if the original price is y then the mark up price is 1.1427y and since it is equal to 50% of what she left at home=>
1.1427y=0.4x

The difference between the original price and initial price is what percent of total money Kelly had?
Original price = 0.4x , initial price = 0.25x => difference - (0.4-0.25)x = 0.15x and as a percentage of what Kelly had = 0.15x/x = 0.15 (15%)

What percent of the profit is the mark-up price? Isn't this simply the mark up? I don't get the question, please clarify @paranorman

read up me posts on page 3

UchihaMadara: The wording is throwing me off, don't initial and original mean the same thing?

Also, I don't believe the question is correct: For example, say she has 100 naira, and only took 20%, that means she took 20naira to the market and left 80 naira at home.

Now the radio was 25% higher than her 20naira, wich means radio was 25/100 * 20naira + 20naira = 25naira.

If the radio could only be sold for 50% of her money left at home(80 naira), then radio now cost 40 naira.

However 40 naira doesn't represent a 14 2/7% increase from 25 naira, hence I believe the problem might be wrong.

i got you bro. But in english, 'initial' do not mean the same tin as 'original', does it? Hehehe. Read and assimilate. Ur prob with this question is simply grammer. N40 is the mark-up price (114whole, 2/7% of the original price which is N35) he WOULD have sold it and make decent profit. Did he sell it?! Nope. This is an assuming statement here; its conditional.

And for the prices, the 'initial' and 'original' prices were explicitely defined. Reead up my posts on page 3

wallex1983: Didn't even know someone posted this. But exactly what I did. 1st part iڪ too simple. 15%. I guess even the second part iڪ also simple only if you make your question clearer. Either you or I must be missing out something in it @op

Its 10%. The prices were explicitely defined. read my quotes and posts on page 3 of the thread.

Olutola88: Let me be frank with you, this is not how to set questions. The composition of your question lacks clarity.

If one calculates with a particular understanding, he'll get 15%, anoda understanding can make one arrive @ 12.5% for the 1st question but you muddled everything up by saying INITIAL PRICE, ORIGINAL PRICE & PRICE TO HAVE MADE DECENT PROFIT.

The truth is that; the question is very very simple but you introduced ambiguity. This is not word problem sir, YOU ARE THE PROBLEM!

sir, there's nothing ambiguous about the question. The prices were explicitly stated. Price on the manufacturer's list was dubbed 'initial' and 'original' price was the price the seller would ve sold it had he not try to cheat by markin up the price. So my friend, read and assimilate. Over-confidence kills atimes. Though, i understand why many think the question is ambiguous, it would help if you 'just follow the bouncing ball!'

for the first question, the correct answer is 10%. For any other doubts or arguments, check page 3 of this thread and read my comments/quotes. Thanks for attemptin and ur observation.

Tinkybabe:
.......

i like ur method.. I understand why the question looked ambiguous to folks here but 'mma work on that in the future. Read my posts on page 3

For those people talkin the question is ambiguous; 'm sorry. 'twas actually designed that way to test ur verbal skills and reasonin skills. The prices were explicitly stated; no hitch. For example, even though 'original' and 'initial' may mean the same tin esp in science; maths, phy and chem in calulations, they do not mean the same literally. 'initial' price was stated, and 'original' price was also stated separately... When you read it carefully and assimilate, you'd know there realy aint no ambiguity as most of y'all think. Over-confidence killed some. Kudos to those that attempted it, its nice workin up ur brain. Work up that brain! Another question coming soon!

CarlOzeki: The easiest and quickest way to solve the question is to pick a number

Assume Kelly had #100.
She leaves home with 20% of that (#20) and leaves #80 at home.

The manufacturers list price is 25% higher than her #20. This is 125% or 1.25 x 20 which is #25 (Manufacturer List price)

The inflation adjusted price is 50% of what she left at home. This is 50% or 0.5 x 80 which is #40 (Inflation adjusted price)

The inflation adjusted price represents a 14 2/7% mark up on the original price. 14 2/7 is 100/7%. Since it's a markup, the inflation price is (100 + {100/7})% of the original price. This is 800/7%. Changing that to fraction is 8/7. Hence, 8/7 x original price = Inflation adjusted price = #40.
Original price = 40 x 7/8 = #35

We have all the prices now.

1. Difference between original price and initial/manufacturer price = 35 - 25 = 10
10/100 = 0.1
The answer to the first question is 10% if considering her total #100 or 12.5% if considering only the money she left at home.

2. This question makes no sense because the item has not actually been sold so there can't be any profit.
If you assume the profit from selling at the markup price of #40 and also assuming that the cost price is the manufacturer list price of #25, then the profit is #15. Hence the markup price percentage of the profit is 40/15 = 266.7%

this is the answer!!! You just won urself 'diamonized' gold! I just kept laughin when some people quotin me sayin the question is ambiguous... Hehehe. For the first, the question is clear. Its 10; a percentage of the total.(the question reads "out of the TOTAL MONEY on her)
And for the second question, INSUFFICIENT DATA.

Glad there are people like you! This question is as simple as ABC. Grammer and story killed most of'em!

'Sampa' is not only done dere. When i served at idiroko in ogun during my nysc, i travelled to kotonou to gets some goods for meself and homies. I actually met this guy and was impressed that he was eager to help. It later damned on me and my friend that went with us that we were 'SAMPAd'..! I just laughed it off. Funny i got scammed but i learned.

Funny stuffs coming from Tinubu. Called Jo corrupt?! Funny. Pot calling kettle black. Called Jo a dictator? Funny coming from the alpha and omega of APC 'fore the advent of Buhari. I aint no fan of no party, these politicians have no shame... I pity what their ends will be. All i know that it pays to have a clean hand..

Wel, i didnt have ta open the link before know it does. Worst mistake ever is marryin the wrong person that pushes you to the limits and makes you sin. Gettin the right person in marriage can never be overstated.

With my welding equipments here.. One heart needs it.

O boi.. A billion dols? If i get that, i wont havta work for the rest of me life! Will stack'em up in world bank and spend the interest per mnth.
On a serious note, one cant help but wonder at the financial recklessness of our country. Corruption is killin us faster than a disease outbreak would. Seems like our gov has failed us in all aspect...! .....Like Evil thrives in this paart of the Land. Only God can set things right. I just hate Naija politics..

O boy.. Eveybody giving threats here and dere! One day, Nigeria will be great!

24. Death is never satisfied and the grave is never full.
25. Only in death is true rest. Only in death do one truly rest in peace.
26. You never know when you get struck by death himself. So do good to others as you want'em do to you!
27. Death is compulsory. So you gotta die one way or the other wether you like it or not.
28.immortality is very posible. Infact, God offers you one through Jesus Christ at no price..! The choice is yours..



............ Paranorman et al ©(2014)

hopelink1: re-phrase question 2 grammar pls

there's nothing to raphrase there. The question is xaclty what you think it is.. Just assimilate it.

Op, Nice post i must say. But i tell you, many girl will read this, reason with their emotions and attack you without thinkin objectively with respect to ur argument/point.
The thing is, world is changing. Things cannot get better esp in terms of marriage and relationship. Lately, a girl posted on twitter showin off her boyfriends wealth; talkin'bout how he owns 20 cars! Thats what i am talkin'bout. "By their fruits, you shall know'em."
we guys should stop this blame-shifting thing for the ills in the society on our women. We played a part in this too. Infact, the world and er'thaing innit is 'sick', both real and abstract. There are still virtuous women out dere, and so are goodly men, thing is, they are scare. For me, i know what i want in my woman: a woman to build an empire with me..! God bless her and keep her for me wherever she is!

hopelink1: (1) 12.5% of the total amount . (2) 114.285714% . my own will come too

great! 1: wrong!
2. Wrong!

Kudos to you for attempting sha.. Thumbs up!

Onlinebizexpert: Bros you see any isaac newton for nairaland?

hehehe.. Dem dey na.. Dem just dey run from this question. Som people no wan stress their brains.. Hehehe.. Like i said, its not for the weak minded

Out of the total money on her, Kelly took 20% off with her and left over the rest at home on her way to the market. On getting to the market, she saw a radio she liked but found out its price (initial) on its manufacturer's list was 25% higher than what she took to the market. So she thought she could work something out with the seller but was disappointed when told the list got old, prices were adjusted due to inflation and the radio could only be sold at a price which was 50% of her left-over at home; this price was a mark-up of 14 whole and 2/7 % on the original price the seller should have sold it and make a decent profit.

The difference between the original price and initial price is what percent of total money Kelly had?

What percent of the profit is the mark-up price?

ammyluv2002: Mi like your post.

girls and bling!

Out of the total money on her, kelly took 20% off with her and left over the rest at home on her way to the market. On getting to the market, she saw a radio she liked but found out its price(initial) on its manufacturer's list was 25% higher than what she took to the market. So she thought she could work something out with the seller but was disappointed when told the list got old, prices were adjusted due to inflation and the radio could only be sold at a price which was 50% of her left-over at home; this price was a mark-up of 14 whole and 2/7 % on the original price the seller should have sold it and make a decent profit.
The difference between the original price and initial price is what percent of total money kelly had?!
What percent of the profit is the mark-up price?

Just post ur answers so others won't get an idea of the solution to the question. Answers only. 'mma post the solution or ask who ever gets it to post it.

Great.. Good to know the foundations you know.

Can you write something here on networkin..? I what to know the foundations too. I want to know what the 'server', 'router', e.t.c means.. Just do something like this on computer network and definition of its basic terms used innit. Thanks.

Onlinebizexpert: ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
the guy above me too much......nice writeup
especially the change part
yoruba and igbo competing since the end of civil war

naija would have been better with these two tribes


YORUBA providing the spirituality,adminstration

IGBOS providing economy and strenght


what a country that would have been

funny enough there are moslems in yoruba and igboland but that yet does not affect the unity of these great entities
despite the betrayal the IGBOS feel about the YORUBAS, there is still alot to achieve as a united front

#LONG LIVE IGBO LAND
#LONG LIVE YORUBALAND

#LONG LIVE OHANEZE & ODUDUWA UNITED FRONT

#LONGLIVE NIGERIA minus OUR DESTRUCTIVE BRETHREN


NIGERIA OF MY DREAM
vvvvvvvvvvvv

badt guy.. This ur map ehn, na die.. We still need those people for food o. Can we boast of large scale farmin here in the south?! We too official in this part jare.. Their topograpy and climate suits agriculture kinda.. So we still neeed'em!

chibabe3: best advice on this issue.

nne, thank you o jare..

hushmail: i swear u r paranoid. what? refuse the money? think again.

badt guy!

MevsU: Its a power simulation software

define power here.. Power as in physics?

What does it do?