a man 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.

Expert Answers

An illustration of the letter 'A' in a speech bubbles

The price at which the cameras are bought is $1800 for a dozen. This gives the price of each camera as 1800/12 = $150

He sells them at a profit of $36 per camera. The selling price is $150 + $36 = $186.

The profit as a percentage of the selling price is (36/186)*100 = 19.35%

The required profit as a percentage of the selling price is 19.35%

Approved by eNotes Editorial Team
Soaring plane image

We’ll help your grades soar

Start your 48-hour free trial and unlock all the summaries, Q&A, and analyses you need to get better grades now.

  • 30,000+ book summaries
  • 20% study tools discount
  • Ad-free content
  • PDF downloads
  • 300,000+ answers
  • 5-star customer support
Start your 48-Hour Free Trial