Question

a businessman purchased certain items worth rupees 1200 and after selling some items at the end of the first day made a profit of 16% age on items sold on that day if his profit for the day was 4% of his total purchases what is his stock at the end of the day​

Answer 1

Answer:

Profit:

.16*Sold

.04*(sold+stock)

but sold+stock=1200

.16(sold)=.04(1200)

solve for sold.

Now, stock=1200-sold