Question

(ii) Atrader gets a profit of 20% by selling an item for £ 150. Find the buying in price.

Answer 1

Answer:

ii) £120

iii) £2,400

a) 10 workers

c) 4 workers more to be employed.

Step-by-step explanation:

ii) To find the buying price we deduct 20% (percent) from the selling price of £150.

= 20/100 x 150

= £30 (Next we substract this value from the selling price of £150) = €150 - £30 = £120

iii) A 12% interest per annum Implies a 12 percent of the borrowed amount of 20,000, which is calculated as

12% or 12/100 x 20,000 = £2,400

a) Put simply, we create an equation for the problem.

4 men * 10 days = 40 man days.

X men * 4 days = 40 man days.

Let's substitute the equation:

(X/ 4) * (4/ 10) = 40 / 40

(X/4) * 0.4= 1 (collect like terms)

0.4 * x = 4

0.4x/0.4= 4/0.4

x = 10 workers.

(c) 4 extra workers to would need to be employed since we have six already available (10-6=4).