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Man buys 300 articles at 4 for $6 and sold all of them at $2 each; find:

i)the profit made by the man on selling one article

(ii) his total profit on selling all the 300 articles

1 Answer

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The man buys 300 articles at 4 for $6, which means that he pays:

$6 for every 4 articles, or $1.50 per article.

The man then sells all 300 articles at $2 each, which means that he earns:

$2 for every article.

To find the man's profit, we need to subtract his cost from his revenue. His cost is the amount he paid for the 300 articles, which is:

300 articles * $1.50 per article = $450

His revenue is the amount he earned from selling the 300 articles, which is:

300 articles * $2 per article = $600

So his profit is:

$600 - $450 = $150

To find the profit made by the man on selling one article, we can divide his total profit by the number of articles he sold:

$150 / 300 articles = $0.50 per article.

Therefore, the man's profit on selling one article is $0.50

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