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

Answer 1

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.