Question

A dealer buys 5 apples for $40 and sells them for $1.20 each. Calculate his percentage profit.

Answer 1

Answer:

$something \: \: is \: \: wrong \\ SP<CP \\ There \: \: will \: \: be \: \: no \: \: profit \: \: in \: \: this \: \: transaction.$

Step-by-step explanation:

$Given, \\ cost \: \: price \: \: of \: \: 5 \: \: apples \: \: = \ 40, \: and \\\: \: selling \: \: price \: \: of \: \: 5 \: \: apples = 5 \times \ 1. 20\: = \ 6 \\ we \: \: see \: \: that, \\ selling \:\:price < cost\: \:price, \: then \\There \: \: will \: \: be \: \: no \: \: profit \: \: in \: \: this \: \: transaction.$