A trader made a profit of 3.50 on shirt he bought for 28.00. how much profit would he make at the Same rate on goods which he bought for 42.00
To find the profit, we need to calculate the profit rate first.
The profit rate is given by the formula:
Profit rate = Profit/Cost
In this case, the profit is $3.50 and the cost is $28.00:
Profit rate = $3.50/$28.00 = 0.125
Now we can calculate the profit for goods bought for $42.00 by multiplying the profit rate by the cost:
Profit = Profit rate * Cost
Profit = 0.125 * $42.00
Profit = $<<0.125*42=5.25>>5.25
Therefore, the trader would make a profit of $5.25 on goods bought for $42.00.
To find out the profit he would make at the same rate on goods he bought for $42.00, we first need to determine the profit percentage on the shirt he bought for $28.00.
Profit percentage = (Profit / Cost price) * 100
Given that the profit on the shirt was $3.50 and the cost price was $28.00:
Profit percentage = (3.50 / 28.00) * 100
Profit percentage = 0.125 * 100
Profit percentage = 12.5%
Now, we can calculate the profit he would make on goods bought for $42.00:
Profit = (Profit percentage / 100) * Cost price
Profit = (12.5 / 100) * $42.00
Profit = 0.125 * $42.00
Profit = $5.25
Therefore, he would make a profit of $5.25 on goods bought for $42.00 at the same rate.
To calculate the profit made at the same rate on goods bought for $42, we need to determine the rate of profit first.
The profit made on the shirt was $3.50, and it was bought for $28.00. So, we can calculate the rate of profit using the formula:
Rate of Profit = (Profit / Cost Price) * 100
Plugging in the values, we get:
Rate of Profit = (3.50 / 28.00) * 100
Rate of Profit = 0.125 * 100
Rate of Profit = 12.5%
Now, to find the profit made on goods bought for $42.00, we can use the same rate of profit.
Profit = (Rate of Profit / 100) * Cost Price
Plugging in the values, we get:
Profit = (12.5 / 100) * 42.00
Profit = 0.125 * 42.00
Profit = $5.25
Therefore, the trader would make a profit of $5.25 on goods bought for $42.00 at the same rate.