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A butcher buys meat for R1,800 and sells it to his customers at a profit. If his income from the meat is R2,700, how much profit does he make on the sale?
To solve the problem, we need to determine the profit the butcher makes from selling the meat.
Here are the steps:
1. Identify the initial cost of the meat: - The butcher buys the meat for R1800.
2. Identify the income from selling the meat: - He sells the meat for R2700.
3. Calculate the profit: - Profit is essentially the difference between the selling price and the cost price. - To find the profit, subtract the initial cost of the meat (R1800) from the selling price (R2700): - [tex]\( \text{Profit} = \text{Selling Price} - \text{Cost Price} \)[/tex] - [tex]\( \text{Profit} = 2700 - 1800 \)[/tex] - [tex]\( \text{Profit} = 900 \)[/tex]
Therefore, the butcher makes a profit of R900 on the sale.
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