A trader buys tea for $1200 and sells it for $1550. Per sack of tea he makes a profit of $50. How many sacks of tea did he buy? Is the answer 7?

Right

i need help

To find the number of sacks of tea the trader bought, we can set up an equation.

Let's assume the trader bought 'x' sacks of tea.

The profit made from each sack of tea is given as $50.

So, the total profit made by the trader can be calculated as:

Profit = Number of sacks of tea * Profit per sack
$1550 - $1200 = x * $50
$350 = 50x

To find the value of 'x,' we need to divide both sides of the equation by 50:

x = $350 / $50
x = 7

Therefore, the trader bought 7 sacks of tea. Your answer is correct!

To find the number of sacks of tea the trader bought, we can use the given information about the profit per sack. Let's go step by step:

1. Subtract the buying price from the selling price to find the total profit: $1550 - $1200 = $350.
2. Divide the total profit by the profit per sack to find the number of sacks: $350 / $50 = 7.

Therefore, the trader bought 7 sacks of tea. So your answer is correct!