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A trader bought 200 exercise books at N300 each. He sold z books at N360 each, while the remaining books were sold at N10 less than the cost price per book. If he made a total profit of N9,000, find the value of z:
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5 stepsCalculate the total cost of all books.
The trader bought 200 exercise books at N300 each.
Determine the revenue from the books sold at N360 each.
The trader sold books at N360 each.
Determine the revenue from the remaining books.
The number of remaining books is .
The selling price for these books is N10 less than the cost price (N300).
Selling price for remaining books = N300 - N10 = N290.Set up the equation for total profit.
Total Profit = (Revenue from all sales) - (Total Cost)
Total Profit =
Given total profit is N9,000.Solve the equation for .
First, distribute 290 into the parenthesis:
Combine the terms with :
Combine the constant terms:
Substitute these back into the equation:
Add 2000 to both sides of the equation:
Divide both sides by 70 to find :
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