Question

A seller expects a profit of 32% on the cost. If his weekly sales were Rs 29,700, then find his profit?​

Answer 1

Step-by-step explanation:

The seller expects 32% return on his purchase price.

The seller sell in one day was 528.

Concept Used:

Purchase price = 100/(100 + Return%) × Selling price

Calculation:

The seller expects 32% return on his purchase price.

The seller sell in one day was 528.

The purchase price = 100/(100 + 32) × 528 = 100/132 × 528 = 400

The profit amount = 528 - 400 = Rs.128

∴ The profit amount is Rs.128.

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Answer 2

$\frac{32}{29700} \times 100$

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