Question

Solve this question for me.Atrader paid 15 GH for 6 drinking cups.One of the cups got broken,He sold the remaining 5, making profit of 10 percent.Calculate i, the cost price of each of the six ii,the selling price of each of the five cups. Iii, the profit made on each cup sold

Answer 1

2.5 ; 3.3 ; 0.3

Explanation:

Given that :

Cost of 6 cups = 15

Profit made on selling 5 after one git broken = 10%

I) the cost price of each of the six:

Purchase price = 15

Cost price of each = 15 / 6 = 2.5

ii,the selling price of each of the five cups.

Profit made = 10%

Hence;

Selling price = (1 + 0.1) * 15 = 1.1 * 15 = 16.5

Price of each five : 16.5 / 5 = 3.3

Iii, the profit made on each cup sold

Profit made on each :

(16.5 - 15) / 5 = 1.5 / 5 = 0.3