63.7k views
1 vote
Girma has bought 300 eggs for birr 900and sold each for birr 3 . did he get profit?if so find his profit percent



User Typedfern
by
8.1k points

1 Answer

2 votes

Final answer:

Girma did not make a profit; he broke even. His total cost and total sales revenue were both 900 birr, resulting in a profit percent of 0%.

Step-by-step explanation:

To determine if Girma made a profit, we need to compare the total cost of the eggs to the total sales revenue. First, let's calculate the total sales revenue:

Total sales revenue = Number of eggs sold × Selling price per egg

Total sales revenue = 300 eggs × 3 birr/egg

Total sales revenue = 900 birr

Now, let's compare the total cost to the total sales revenue:

Total cost = 900 birr

Total sales revenue = 900 birr

Since total sales revenue equals the total cost, Girma did not make a profit or a loss; he broke even.

The profit percent would be calculated as follows if there was a profit:

Profit percent = (Profit ÷ Total cost) × 100%

However, since there is no profit, the profit percent is 0%.

User Subdigger
by
7.5k points