Answered

IDNLearn.com connects you with a community of knowledgeable individuals ready to help. Find the answers you need quickly and accurately with help from our knowledgeable and experienced experts.

A dealer buys oranges for 100000, he sold 60% of them for buying price, he sold 50% of the remaining for profit of 60% then he sold the remaining for a loss of 10%. Find the overall profit

Sagot :

Parrainidn

Based on the amount of oranges bought, those sold at a profit and those sold at a loss, the overall profit is 14.2%

What is the overall profit?

Assume that the buying price was $1 each.

The amount earned from 60% of them is:

= 60% x 100,000 x 1

= $60,000

The profit from selling 50% of the remaining is:

= (50% x 40,000) x 1.60

= $32,000

The loss from selling the other 50%:

= (50% x 40,000) x 0.90

= $22,222.22

Total selling price:

= 60,000 + 32,000 + 22,222.22

= $114,222.22

Total profit:

= (114,222.22 - 100,000) / 100,000

= 14.2%

Find out more on sales profit at https://brainly.com/question/19104371

#SPJ1

Thank you for using this platform to share and learn. Keep asking and answering. We appreciate every contribution you make. IDNLearn.com is your source for precise answers. Thank you for visiting, and we look forward to helping you again soon.