SOLUTION:
A NEW OG 2021 QUESTION
The price of buying (C.P) in dollars = 480 / 1.6
=300$
(As $1 = 1.6 marks)
The price of selling the table (S.P) in dollars = 2385 / 5.3
=450$
(As $1 = 5.3 francs)
Hence Profit of the dealer = SP-CP
= 450-300 = 150$ (OPTION D)
An American dealer bought a table in Germany for 480 marks and sold the same table in France for 2,385 francs. What was the dealer's gross profit on the two transactions in dollars? Print
Modified on: Tue, 12 Oct, 2021 at 12:15 PM
Did you find it helpful? Yes No
Send feedbackSorry we couldn't be helpful. Help us improve this article with your feedback.