a florist bought 480 roses at $ 10 per dozen .if he sold them at 1.10 each what is his profit as a percentage of selling price
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please write it again I did not understand
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Step-by-step explanation:
The florist made a profit of 32% in this deal.
Cost price of 1 dozen (12) roses = $10
∴ C.P. of 12 roses = $ 10
So, by unitary method, C.P. of 1 rose = $(10/12)
∴ C.P of 360 roses = $ (10/12) × 360 = $ 300
Given that Selling Price of 1 rose = $1.10
∴ S.P. of 360 roses = $ (1.10 × 360) = $ 396
Since S.P .>C.P., the florist gains profit.
Profit value = S.P. - C.P.
= $(396-300) = $96
Profit% = [(Profit value/CP) × 100]%
= [96/300] × 100%
= 32%
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