A sales man bought some plates at 50naira each if he sold all of them for 600naira and make a profit of 20% from transaction how many plates did he buy
How u get it
number bought --- n
cost price = 50n
selling price = 1.2(50)n = 60n
60n = 600
n = 10
Pls show workings
Show the working please 🥺
To find the number of plates the salesman bought, we need to follow these steps:
Step 1: Find the selling price per plate.
Since the salesman made a profit of 20%, it means the selling price per plate is 120% of the cost price per plate (100% cost price + 20% profit).
So, the selling price per plate = (120/100) * 50 naira = 60 naira.
Step 2: Find the number of plates bought.
We can divide the total selling price by the selling price per plate to find the number of plates the salesman bought.
Number of plates bought = Total selling price / Selling price per plate = 600 naira / 60 naira = 10 plates.
Therefore, the salesman bought 10 plates.