To determine Emeka's total gain or loss, we need to calculate the total cost and total revenue.
The total cost of buying 50 machines at a cost of 1000 each is 50 * 1000 = <<50*1000=50000>>50000.
Emeka sold one-tenth of the machines, which is 1/10 * 50 = <<1/10*50=5>>5 machines.
He sold these 5 machines at 1500 each, so his revenue from these sales is 5 * 1500 = <<5*1500=7500>>7500.
The remainder of the machines is 50 - 5 = <<50-5=45>>45 machines.
Emeka sold these 45 machines at 1050 each, so his revenue from these sales is 45 * 1050 = <<45*1050=47250>>47250.
His total revenue is 7500 + 47250 = <<7500+47250=54750>>54750.
To calculate the gain or loss, we subtract the total cost from the total revenue.
Gain/Loss = Total Revenue - Total Cost
Gain/Loss = 54750 - 50000 = <<54750-50000=4750>>4750.
Emeka's total gain is 4750.
Emeka bought 50machines at a cost of 1000each.he sold one tenth of the machines at 1500 each and the remainder at 1050each.calculate his total gain or loss
5 answers
A man bought a house for 80,000,000 and sold it for 92,000,000.what percentage profit did he make
To determine the percentage profit, we need to calculate the difference between the selling price and the buying price, and then divide it by the buying price. Finally, we multiply this value by 100 to obtain the percentage.
Profit = Selling Price - Buying Price
Profit = 92,000,000 - 80,000,000 = 12,000,000
Percentage Profit = (Profit / Buying Price) * 100
Percentage Profit = (12,000,000 / 80,000,000) * 100
Percentage Profit = 0.15 * 100
Percentage Profit = 15%
The man made a 15% profit.
Profit = Selling Price - Buying Price
Profit = 92,000,000 - 80,000,000 = 12,000,000
Percentage Profit = (Profit / Buying Price) * 100
Percentage Profit = (12,000,000 / 80,000,000) * 100
Percentage Profit = 0.15 * 100
Percentage Profit = 15%
The man made a 15% profit.
Ayo sold a shirt for 7500 and made a gain of 25percent.How much did he buy the shirt
To determine the cost price of the shirt, we need to calculate the original price before the gain was added.
Let's assume the cost price of the shirt is x.
The gain percentage is given as 25%, which means Ayo sold the shirt for 100% + 25% = 125% of its cost price.
This can be written as:
125% of x = 7500
To solve for x, we need to convert 125% to its decimal form, which is 1.25:
1.25x = 7500
Dividing both sides of the equation by 1.25 gives us:
x = 7500 / 1.25
x = 6000
Therefore, Ayo bought the shirt for 6000 Naira.
Let's assume the cost price of the shirt is x.
The gain percentage is given as 25%, which means Ayo sold the shirt for 100% + 25% = 125% of its cost price.
This can be written as:
125% of x = 7500
To solve for x, we need to convert 125% to its decimal form, which is 1.25:
1.25x = 7500
Dividing both sides of the equation by 1.25 gives us:
x = 7500 / 1.25
x = 6000
Therefore, Ayo bought the shirt for 6000 Naira.
4 answers