A trader bought 3 dozens of sachet milk for NI,008.00. he sold each at N35.00. calculate his profit.
Since a dozen is equal to 12, then 3 dozens is equal to 36 sachets.
The cost of purchasing 3 dozens of sachet milk = NI,008.00
The cost of each sachet milk = NI,008.00/36 sachets = NI,28.00
The selling price of each sachet milk = N35.00
The profit per sachet milk = Selling price - Cost price = N35.00 - NI,28.00 = NI,7.00
Therefore, the total profit made on the 3 dozens sachet milk is:
Profit per sachet milk x number of sachets sold
= NI,7.00 x 36 sachets
= NI,252.00
Therefore, the trader made a profit of NI,252.00.