By selling some crates of soft drinks for N600.00, a dealer makes a profit of 50%. How much did the dealer pay for the drinks?

By selling some crates of soft drinks for N600.00, a dealer makes a profit of 50%. How much did the dealer pay for the drinks?

Answer Details

If the dealer makes a 50% profit, it means that the selling price is 150% (100% cost price + 50% profit) of the cost price. Let the cost price of the crates of soft drinks be x. Then, 150% of x is equal to N600.00. Mathematically, we can write it as: 150/100 * x = N600.00 Simplifying the equation, we have: x = N600.00 * 100/150 x = N400.00 Therefore, the dealer paid N400.00 for the crates of soft drinks.