A trader made a profit of 3.50 naira on shirts he bought for 28 naira .How much profit would he make at the same rate of goods which he bought for 42 naira
Well, if the trader made a profit of 3.50 naira on shirts he bought for 28 naira, we can calculate the profit rate. The profit rate would be 3.50 naira divided by 28 naira, which equals 0.125.
Now, let's apply this profit rate to the goods the trader bought for 42 naira to find out how much profit he would make. Using the same rate, the trader would make a profit of 0.125 multiplied by 42 naira, which equals 5.25 naira.
So, if the trader bought goods for 42 naira, he would make a profit of 5.25 naira. Just remember, these calculations are so precise, it's almost unprofitable!
I need d answer
To find out how much profit the trader would make at the same rate for goods bought for 42 naira, we can use proportions.
Let's set up a proportion:
Profit 1 / Cost 1 = Profit 2 / Cost 2
Substituting the given values:
3.50 / 28 = x / 42
Cross-multiplying:
28x = 3.50 * 42
Simplifying:
28x = 147
Dividing both sides by 28:
x = 147 / 28
x ≈ 5.25
Therefore, the trader would make a profit of approximately 5.25 naira when he purchases goods for 42 naira at the same rate.
To find out how much profit the trader would make at the same rate for goods bought for 42 naira, we first need to calculate the profit rate.
The profit rate can be calculated by dividing the profit by the cost price of the goods. In this case, the profit is 3.50 naira and the cost price is 28 naira.
Profit Rate = Profit / Cost Price
Profit Rate = 3.50 naira / 28 naira
To find the profit for goods bought for 42 naira, we multiply the profit rate by the cost price of the new goods.
Profit = Profit Rate * Cost Price
Profit = (3.50 naira / 28 naira) * 42 naira
Now, let's calculate the profit for goods bought for 42 naira:
Profit = (3.50 naira / 28 naira) * 42 naira
Profit = 0.125 * 42 naira
Profit = 5.25 naira
Therefore, the trader would make a profit of 5.25 naira if he bought goods for 42 naira at the same rate.