A trader made a profit of #3.50 on shirt he bought for #28:00 how much profit would he make at same rate on goods which he brought for 42naira

Answer 1

First, let's calculate the percentage profit the trader made on the shirt by using the formula:

Profit percentage = (Profit / Cost price) * 100

Profit percentage = (3.50 / 28) * 100
Profit percentage = 0.125 * 100
Profit percentage = 12.5%

Now, let's calculate how much profit the trader would make on goods bought for 42 Naira at the same rate of 12.5% profit:

Profit = (12.5/100) * 42
Profit = 0.125 * 42
Profit = 5.25 Naira

Therefore, the trader would make a profit of 5.25 Naira on goods bought for 42 Naira at the same rate of profit.