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A man buys a dozen cameras for $1800. He sells them at a profit of $36 each. Find his...
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The man buys a dozen or 12 cameras for $1800. They are sold at a profit of $36 each.
The initial cost of each camera is $1800/12 = $150. The profit made for the investment of $150 in buying a camera is $36. This gives the selling price as $150 + $36 = $186.
The profit as a fraction of the selling price is $36/$186 = 0.1935
In terms of percentage it is 0.1935*100 = 19.35%
The profit made as a percentage of the selling price is 19.35%.
Posted by justaguide on March 3, 2011 at 10:12 PM (Answer #1)
Aman buys a dozen cameras for $1800. He sells them at a profit of $36 each. Find his profit as a percentage of the selling price.
Buying price of one camera= 1800/12
Selling price of one camera= 150+36
Selling price $ 186 then profit = $36
If selling price $100 then profit=(36 x 100)/186
Profit as a percentage of the selling price=19.35
Posted by pramodpandey on May 23, 2013 at 11:49 AM (Answer #1)
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