It costs the shopkeeper $x to buy 20 mangoes
They sell 18 mangoes for $x.
The unit cost of a mangoe to buy was $x/20
The unit cost to buy the 18 mangoes is therefore 18 x $x/20 or $18x/20. this can be reduced to $9x/10
The shopkeeper sold the 18 mangoes for $x.
The gross profit made is $x - $9x/10 = $x/10, this is 1/9 of the cost price.
So the selling price is 10/9 of the cost price. the profit is 1/9 or as a percentage 11.11%
11.11
40 % markup. 1.40 - 10% (.14) =1.26 where 1.00 is 100% 26% profit
You can analyze your profit and loss on a spreadsheet.
The shopkeeper sold the cupboard for Rs 6175. 5% of 6500 = .05 x 6500 = 325 6500 - 325 = 6175 Since he earned a profit of 15% of the cost, the cost price, C, would be Rs 5369.57. C + 15% of C = 6175 C + .15C = 6175 1.15C = 6175 (divide by 1.15 to both sides) C ≈ 5369.57
Profit = (profit percentage / 100) x gross income
21%
Profit (gain) % = Profit / C.P. *100
rs13.80
No, it is not illegal to purchase items and then resale them for a profit. This is how businesses make their money.
Buy mean purchase and sell for profit means give to someone for more than you had purchase.
According to Chron, the average profit margin for furniture retailers is 2 percent. This is up from other retailers who normally have a 0.5 percent profit margin.
3:2
100$