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A trader buys coffee for 1200 and sells it 1500 For each bag of he earns a profit 50 How many bags did have?
Step 1: Calculate the profit per bag
Profit per bag = Selling price - Cost price
Profit per bag = 1500 - 1200
Profit per bag = 300
Step 2: Calculate the number of bags sold
Let the number of bags sold be x.
Then, Total profit = Profit per bag * Number of bags sold
Total profit = 300x
Step 3: Equate the total profit to the given profit
We know that the trader earns a total profit of 50.
Therefore, 300x = 50
Step 4: Solve for x
Dividing both sides by 300, we get
x = 50/300
x = 1/6
Step 5: Interpret the result
The trader sold 1/6 of a bag of coffee. Since we cannot sell a fraction of a bag, we can conclude that the trader did not sell any bags.
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