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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:

Mathematics

ScanSolve AI Answer

Answer

z=11007z = \frac{1100}{7}

Step-by-step solution

5 steps
  1. Calculate the total cost of all books.

    The trader bought 200 exercise books at N300 each.

    Total Cost=200×N300=N60,000\text{Total Cost} = 200 \times \text{N}300 = \text{N}60,000
  2. Determine the revenue from the books sold at N360 each.

    The trader sold zz books at N360 each.

    Revenue1=z×N360=360z\text{Revenue}_1 = z \times \text{N}360 = 360z
  3. Determine the revenue from the remaining books.

    The number of remaining books is 200−z200 - z.
    The selling price for these books is N10 less than the cost price (N300).
    Selling price for remaining books = N300 - N10 = N290.

    Revenue2=(200−z)×N290\text{Revenue}_2 = (200 - z) \times \text{N}290
  4. Set up the equation for total profit.

    Total Profit = (Revenue from all sales) - (Total Cost)
    Total Profit = Revenue1+Revenue2−Total Cost\text{Revenue}_1 + \text{Revenue}_2 - \text{Total Cost}
    Given total profit is N9,000.

    9000=360z+290(200−z)−600009000 = 360z + 290(200 - z) - 60000
  5. Solve the equation for zz.

    First, distribute 290 into the parenthesis:

    9000=360z+(290×200)−(290×z)−600009000 = 360z + (290 \times 200) - (290 \times z) - 60000 9000=360z+58000−290z−600009000 = 360z + 58000 - 290z - 60000

    Combine the terms with zz:

    360z−290z=70z360z - 290z = 70z

    Combine the constant terms:

    58000−60000=−200058000 - 60000 = -2000

    Substitute these back into the equation:

    9000=70z−20009000 = 70z - 2000

    Add 2000 to both sides of the equation:

    9000+2000=70z9000 + 2000 = 70z 11000=70z11000 = 70z

    Divide both sides by 70 to find zz:

    z=1100070z = \frac{11000}{70} z=11007z = \frac{1100}{7}
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