Question
A trader made a profit of 3.50 on shirt he bought for 28.00. how much profit would he make at the Same rate on goods which he bought for 42.00
Answers
GPT 3.5
To find the profit, we need to calculate the profit rate first.
The profit rate is given by the formula:
Profit rate = Profit/Cost
In this case, the profit is $3.50 and the cost is $28.00:
Profit rate = $3.50/$28.00 = 0.125
Now we can calculate the profit for goods bought for $42.00 by multiplying the profit rate by the cost:
Profit = Profit rate * Cost
Profit = 0.125 * $42.00
Profit = $<<0.125*42=5.25>>5.25
Therefore, the trader would make a profit of $5.25 on goods bought for $42.00.
The profit rate is given by the formula:
Profit rate = Profit/Cost
In this case, the profit is $3.50 and the cost is $28.00:
Profit rate = $3.50/$28.00 = 0.125
Now we can calculate the profit for goods bought for $42.00 by multiplying the profit rate by the cost:
Profit = Profit rate * Cost
Profit = 0.125 * $42.00
Profit = $<<0.125*42=5.25>>5.25
Therefore, the trader would make a profit of $5.25 on goods bought for $42.00.