An apple seller bought 60 apple at 50 each,one third of them spoilt before she could sell them. She then sold the restart 80 each.find her profit or loss
Cost of 60 apples at 50 each = 60 * 50 = 3000
1/3 of the apples spoilt = 60 / 3 = 20
Remaining apples to sell = 60 - 20 = 40
Cost of remaining apples = 40 * 50 = 2000
Total cost = 3000 - 2000 = 1000
Revenue from selling the remaining 40 apples at 80 each = 40 * 80 = 3200
Profit = Revenue - Cost = 3200 - 1000 = 2200
Therefore, the seller made a profit of 2200.