Answer:
6 sacks
Step-by-step explanation:
Buying Price = $1200
Selling Price = $1500
Total profit = Selling price - Buying Price
= $1500 - $1200
= $300
Given that the profit on each sack of tea is $50
Number of Sacks of Tea = Total Profit ÷ profit per sack
= $300 ÷ 50
= 6 sacks
The number of sacks of tea he has is 6.
The first step is to determine the total profit earned by the trader. Profit is the selling price less the cost price.
Profit = selling price - cost price
$1500 - $1200 = $300
The second step is to divide the total profit by the profit made per sack of tea.
Number of sacks = $300 / $50 = 6
To learn more about division, please check: https://brainly.com/question/194007
