A trader owns a hotel is spent shilling 26000 to buy food items and 10000 to pay his workers he later sold the food for shillings 46800 what was the percentage profit
To find the percentage profit, we need to calculate the profit first.
Profit = Selling price - Cost price
The cost price is the sum of the amount spent on buying food items and paying the workers:
Cost price = 26000 + 10000 = 36000 shillings
The selling price is given as 46800 shillings.
Profit = 46800 - 36000 = 10800 shillings
To calculate the percentage profit, we divide the profit by the cost price and multiply by 100:
Percentage Profit = (Profit / Cost price) * 100
= (10800 / 36000) * 100
= 0.3 * 100
= 30%
Therefore, the trader made a 30% profit.
Jane paid shilling 9600 for eight chairs after getting a discount of 50 per chair what was the percentage discount
To calculate the percentage profit, we need to determine the total cost and the profit from the given information.
1. Total Cost:
The trader spent 26000 shillings to buy food items and an additional 10000 shillings to pay his workers. Therefore, the total cost is 26000 + 10000 = 36000 shillings.
2. Profit:
The trader sold the food for 46800 shillings. To determine the profit, we subtract the total cost from the selling price: 46800 - 36000 = 10800 shillings.
Now, we can calculate the percentage profit by dividing the profit by the total cost and multiplying by 100:
(Profit / Total Cost) * 100
(10800 / 36000) * 100
0.3 * 100
30%
Therefore, the trader made a 30% profit.
To calculate the percentage discount, we need to find the discount amount first.
The discount per chair is given as 50 shillings. Jane bought eight chairs, so the total discount is:
Total Discount = Discount per chair * Number of chairs = 50 * 8 = 400 shillings
To find the percentage discount, we divide the discount amount by the original price and multiply by 100:
Percentage Discount = (Total Discount / Original price) * 100
Since the original price is not given, we can't calculate the exact percentage discount with the given information.