a) Let the cost be x
5:4 = 35:x
x = $\frac{1}{2}$ x 35
x = sh 28
Discount price per spade
= $\frac{67.38}{360}$ x 35 = sh 31.50
profit = 31.50 - 28
= sh 3.50
% profit = $\frac{3.50}{28}$ x 100
= 12.5%
b) Amount received from 250
spade sold at sh 35
= 250 x 35 = 8750
At sh 31.50
= 31.50 x 150 = 4725
Total sales
= 8750 + 4725
= sh 13475
Buying price
= 40 x 26 = 1200
therefore profit made was
sh 2275
johnmulu answered the question on March 6, 2017 at 07:47
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