Question

How do I find a percentage profit?oranges for 40 naira and sold them for 50 naira .Find the percentage profit

Answer 1

Here is your solution

S.P OF 1 ORANGE= 1/40 RS.

C.P OF 1 ORANGE= (1/40) * (100/96) RS.

TO GET A GAIN OF 12% S.P OF ONE ORANGE SHOULD BE= (1/40) * (100/96) * (108/100) = 1/32 RS.

THEREFORE, TO GET A GAIN OF 8%