A man bought a dozen camera for $1800. He sells them at a profitable price of $36 each. Express his profit as a percentage of the original selling price.
Answers
Answer:
Cost price of dozen cameras or 12 cameras =$1800
Profit on 1 camera =$36
Profit on all cameras=$36×12
=$432
Cost of 1 camera with profit =$1800÷12
=$150 +profit
=$150+$36
=$186
Cost of 12 cameras with profit=12×$186
=$2232
%of profit= Profit×100%÷CP
=$432 ×100%÷1800
=0.24×100
=24%
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Answer:
First we will take out the cost price for each camera, which equals to= 1800 divided by 12
= 150
Cost price for each camera= 150+36
= 186
His profit percentage= 36 multiplied 100
150