1. A tea-stall owner bought 2 dozen fruitcakes at 7 4 each and sold them all earning a profit of 50%. How much-profit did the tea-stall owner make
Answers
Answer:
Given :
Each fruit cake = Rs 4
Profit Percentage = 50 %
Finding cakes in two dozen -
1 dozen = 12 cakes
2 dozen = 2 x 12 = 24 cakes
2 dozen = 24 cakes.
Finding Cost Price of 2 dozen cakes -
1 cake = Rs 4
24 cakes = ? Rs
= 4 x 24 = 96.
2 dozen cakes = Rs 96.
Cost price of 2 dozen cakes = Rs 96.
Finding profit -
Profit Percentage = 50 %
96 x 50/100 = 48.
Profit = 48.
Hence : \bold{Profit \: = \: Rs \: 48}Profit=Rs48
Step-by-step explanation:
In this question we have,
Cost price of one fruit cake = Rs 4
Total number of fruit cake = 2 dozen
Profit percentage = 50%
Now, we find the total number of fruit cakes in two dozen.
As we know that 1 dozen = 12 fruit cakes
So, multiple 2 by 12 to get total number of cakes,
2 dozen = 2×12=24 fruit cakes
⇒ 2 dozen = 24 fruit cakes
Now, we have to find the cost price of these 24 fruit cakes,
Cost of 1 cake = Rs 4
So, cost of 24 cakes will be,
= 4×24=96 (multiply 24 by 4 to get total cost)
Cost price of 2 dozen cakes = Rs 96.
We know the formula, Profit percentage = ProfitCost Price×100
Profit percentage = 50% , Cost price = 96
Substituting in above formula we get
Profit percentage = ProfitCost Price×100
50 = Profit96×100
Profit=50100×96
Profit=12×96
Profit=48
∴ Tea-stall owner will make the profit amount of Rs 48.