Good afternoon my good people of nairaland. May God bless you as you help me with solution/ answer to this question below:

(1) The cost price of 50 mangoes is equal to the selling price of 40 mangoes. What is the percentage profit

(2) In December 12th 2007, Mohammed bought 300 units of Afrococo Corporation shares @ $55 per share. On Dec 10th 2008, Mohammed sold all his shares for $60 per share. What is Mohammed’s percentage realised gain?

(2) 6.67%

talk2ancient:
Good afternoon my good people of nairaland. May God bless you as you help me with solution/ answer to this question below:

(1) The cost price of 50 mangoes is equal to the selling price of 40 mangoes. What is the percentage profit

(2) In December 12th 2007, Mohammed bought 300 units of Afrococo Corporation shares @ $55 per share. On Dec 10th 2008, Mohammed sold all his shares for $60 per share. What is Mohammed’s percentage realised gain?

50 CP = 40 SP

CP/SP=40/50>10 profitCP/SP=40/50>10 profit

since % profit = actual gain/ CP X 100

Profit % =10/40×100=25%

Alternatively,
Let cost of 1 mango = x
Cost of 50 mangos = 50x
selling price of 40 mangoes = 50X
Selling price of 1 mango = 50x/40 = 1.25x
Profit % = (selling price – cost price)/cost price ×100
=(1.25x – x)/x × 100 =25%

2) 60/55=1.0909

1.0909–1=.0909 or 9.1%

Boss I comot cap for you. The two answers you proffered (25% and 9.1 are among the options given with regards to the questions) so, I strongly believe you. I'm happy been a nairalander. I appreciate your help. thanks

Kylekent59:



50 CP = 40 SP

CPSP=4050>10 profitCPSP=4050>10 profit

since % profit = actual gain/ CP X 100

Profit % =1040×100=25%



2) 60/55=1.0909

1.0909–1=.0909 or 9.1%

V1C70R:


(2) 6.67%

thanks for your attempt

talk2ancient:
Boss I comot cap for you. The two answers you proffered (25% and 9.1 are among the options given with regards to the questions) so, I strongly believe you. I'm happy been a nairalander. I appreciate your help. thanks

Check back the solution of the first question, I just showed another method, and also it is supposed to be 40/50, CP/SP, but nairaland keeps editing it as 4050.

Check it. I have edited it also.

Kylekent59:


Check back the solution of the first question, I just showed another method, and also it is supposed to be 40/50, CP/SP, but nairaland keeps editing it as 4050.

Check it. I have edited it also.

please help me with the solution

Musa ships cars into Ghana, Nigeria and Benin republic from the United States of America. The import duty costs are 10%, 25% and 12% respectively for used cars from the three countries and 25%, 40% and 20% for new cars.


He has landed a used Benz C300 and a new Toyota Highlander for $12,000 and $30,000 respectively. For how much should he markup the cars, if he desires to make a minimum profit of 15% after giving a discount of 10% to a reseller in Abuja, Nigeria?


(2) Last year, Matthew bought two cars. This year, he sold both the cars for $45,000 each. On one, he earned 20% profit, and on the other, he made a 20% loss. What was his net profit or loss?

(3) In Uganda, Susan invested UGX300,000 in the shares of a company X and UGX550,000 in the shares of a company Y. After a year, she sold all the shares of both companies for UGX400,000 and UGX700,000 respectively. What is her profit from company X?

Thanks