The total cost of buying 300 bags of cement is 10,800 naira.
The selling price of each bag of cement is 40 naira.
The total selling price of 300 bags of cement is 300 * 40 = 12000 naira.
The profit made is 12000 - 10800 = 1200 naira.
The percentage profit is (1200/10800) * 100 = 11.11%
A trader bought 300 bags of cement for 10,800 naira and sold them at 40 naira per bag what is his percentage profit
3 answers
An article costing 25 naira was sold for 20 naira what is the gain or loss
The article was sold for 20 naira, which is less than the cost price of 25 naira. The difference between the selling price and the cost price is a loss.
The loss is 25 - 20 = 5 naira.
Therefore, there is a loss of 5 naira.
The loss is 25 - 20 = 5 naira.
Therefore, there is a loss of 5 naira.
1 answer