Question

If 240 CDs are bought at the rate of $16 each, and 192 are sold at rate of 24 each. Find the overall profit/loss.

Answer 1

Answer: 20%profit

Step-by-step explanation:Step 1

According to the question, 240 CDs are bought at the rate of $16 each.

Cost Price, C.P. = 240 × 16 = $3840

Step 2

Also, 192 are sold at the rate of $24 each.

Selling Price, S.P. = 192 × 24 = $4608

Step 3

Profit % = ( S.P. - C.P.

C.P.

 × 100)

=  4608 - 3840

3840

 × 100

= 20

Step 4

Therefore, the overall profit is 20%.

Please mark me as brainliest ^_^ =D

Answer 2

20%profit              hope this helps