Simon buys 175 apples for R350,00. He then sells 14 dozen for R40,00 per dozen and the remaining apples for R2,00 per apple. The percentage profit that he makes, rounded to two decimal digits
Answers
Answer: Explanation in easiest way possible
Step-by-step explanation:
Simon buys 175 apples he paid R35000(invested)
he sold 14 dozen at the rate of 4000 per dozen
hence he sold 14 dozen apples and earned = 14 × 4000 = R56000he sold 14 dozen hence he slod 14 ×12 apples (as 1 dozen = 12 fruits/here applle)
so he sold 168 applesnow as he sold 168 apples he is left with 7 applewhich he sells for R200 per apple
hence 7 × 200 = R1400
So now he earned in total = 56000 + 1400 = R 57400
Now there is a profit profit = 57400 -35000 = R22400
Profit of R 22400
Profit % = profit earned/investment ×100
= 22400/35000 × 100
= 64%