A merchant buys an old carpet for $25.00. He spends $15.00 to have it restored to good condition and then sells the rug for $50.00. What is the percent profit on his total investment?

$25-how much it cost +$15- restored Total of $35 spend $50 earned

35 what he spend Total of 15$
To get the percent u divide 35 by 50=0.7 x100 The profit is 70%

Answered by vanery14 | 2024-06-10

The percent profit on his total 20%.
What is Unitary method?
It is a method where we find the value of a single unit from the value of multiple units and the value of multiple units from the value of a single unit.
Steps to Use Unitary Method
First, let us make a note of the information we have. There are 5 ice-creams. 5 ice-creams cost $125.

Step 1: Let’s find the cost of 1 ice cream. In order to do that, divide the total cost of ice-creams by the total number of ice-creams. The cost of 1 ice-cream = Total cost of ice-creams/Total number of ice-creams = 125/5 = 25. Therefore, the cost of 1 ice cream is $25.
Step 2: To find the cost of 3 ice-creams, multiply the cost of 1 ice cream by the number of ice-creams. The cost of 3 ice-creams is cost of 1 ice-cream × number of ice-creams = 25 × 3 = $75. Finally, we have the cost of 3 ice-creams i.e. $75.

Given :
Cost of old carpet =$25
He spends $15.00 to have it restored
So, he spend = 25+ 15 = 40
He sells it at = $50
Profit = 50-40 = 10
Profit %= P/ CP * 100
Profit % = 10/ 25 * 100
Profit %= 25% on CP
and, P% o n selling price= 10/50* 100 = 20%
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Answered by sheenuvt12 | 2024-06-16

The percent profit on the merchant's total investment is 25%. This is calculated by finding the difference between the selling price and the total cost, divided by the total cost, then multiplying by 100. So, he makes a 25% profit on his $40 investment.
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Answered by sheenuvt12 | 2025-03-01