Question
a) If Fatima paid R260 for her cosmetics and she sells them for R400. Did she have profit or loss? How much is it?
Ask by Stuart Munoz. in South Africa
Mar 09,2025
Upstudy AI Solution
Tutor-Verified Answer
Answer
Fatima made a profit of R140.
Solution
**Step 1: Identify the Cost Price (CP) and Selling Price (SP)**
Given:
- \( \text{CP} = 260 \) (R260)
- \( \text{SP} = 400 \) (R400)
**Step 2: Determine if there is a Profit or Loss**
Since \( \text{SP} > \text{CP} \), Fatima made a profit.
**Step 3: Calculate the Profit**
The profit is calculated by subtracting the cost price from the selling price:
\[
\text{Profit} = \text{SP} - \text{CP} = 400 - 260 = 140
\]
**Conclusion**
Fatima made a profit of R\( 140 \).
Answered by UpStudy AI and reviewed by a Professional Tutor
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Simplify this solution Beyond the Answer
Fatima certainly made a profit! To find out how much profit she earned, we subtract her initial cost from her selling price: R400 (selling price) - R260 (cost) = R140. So, Fatima made a fantastic profit of R140 on her cosmetics! In the thrilling world of buying and selling, understanding your profit is crucial. Every seller needs to keep an eye on their costs versus what they earn, as it’s the difference that feeds their entrepreneurial spirit. So, Fatima can celebrate her savvy shopping skills with that extra cash!
