A trader made a profit of #3.50 on shirts he bought for 28 naira. How much profit would he make at the same rate on goods which he bought for 42 naira?
To find out the profit at the same rate, we need to calculate the profit as a ratio to the cost of the shirts.
Profit ratio = Profit / Cost of shirts.
Given that the trader made a profit of 3.50 naira on shirts he bought for 28 naira,
Profit ratio = 3.50 / 28 = 0.125
To calculate the profit the trader would make on goods that he bought for 42 naira, we multiply the profit ratio by the cost of the new goods.
Profit = Profit ratio * Cost of new goods
Profit = 0.125 * 42 = <<0.125*42=5.25>>5.25
Therefore, the trader would make a profit of 5.25 naira on goods he bought for 42 naira.
To calculate the profit the trader would make at the same rate on goods bought for 42 naira, we need to find the ratio of the profit to the cost of the shirts.
Profit Ratio = Profit / Cost
Let's calculate the profit ratio:
Profit Ratio = 3.50 / 28
Profit Ratio = 0.125
Now, we can calculate the profit the trader would make on goods bought for 42 naira using the profit ratio:
Profit = Profit Ratio x Cost
Profit = 0.125 x 42
Profit = 5.25
Therefore, the trader would make a profit of #5.25 on goods bought for 42 naira at the same rate.
To find the profit in this scenario, we need to determine the rate of profit as a ratio of the cost of the item. In this case, the trader made a profit of 3.50 naira on shirts purchased for 28 naira.
To calculate the rate of profit, we can divide the profit by the cost of the item and then multiply it by 100 to find the percentage. So, the rate of profit on the shirts is (3.50 / 28) * 100 = 12.5%.
Now that we know the rate of profit, we can calculate the profit on goods bought for 42 naira by applying the same rate.
To find the profit, we can multiply the cost of the item (42 naira) by the rate of profit (12.5% or 0.125). So, the profit would be 42 * 0.125 = 5.25 naira.
Therefore, the trader would make a profit of 5.25 naira on goods purchased for 42 naira at the same rate.