Question

A merchant buys a shipment of spices for $76 and then sells it for $100. For each sack of spices, he gains a profit of $2. How many sacks did he sell?

Answer 1

According to question

Merchant bought the spices    S.P = $ 76
Merchant sold the spices         C. P = $ 100

Thus Total Profit he earned = CP - SP
                                            = 100 - 76
                                             = $ 24

Let n number of sacks are sold by him

Then       n* 2 = 24
                 n = 12
Thus  he sold 12 sacks of spices