Asked by mukami
a manufacturer sells a bottle of fruit juice to a trader at a profit of 40%. The trader sells it for 84 at a profit of 20%. Find the traders buying price and the cost of manufacture of one bottle
Answers
Answered by
mathhelper
original cost price --- x
selling price ----- 1.4x
new selling price = 1.2(1.4x) = 1.68x
1.68x - 1.4x = 84
.28x = 84
x = 300
check:
original cost price = 300
selling price = 1.4(300) = 420
new selling price = 1.2(420) = 504
profit of 2nd trader = 504-420 = 84
all is good!
selling price ----- 1.4x
new selling price = 1.2(1.4x) = 1.68x
1.68x - 1.4x = 84
.28x = 84
x = 300
check:
original cost price = 300
selling price = 1.4(300) = 420
new selling price = 1.2(420) = 504
profit of 2nd trader = 504-420 = 84
all is good!
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.