Sipho makes [tex]100\%[/tex] profit on his peanuts.
Sipho buys peanut in bulk at R [tex]5[/tex]/kg.
Sipho sells them in [tex]100[/tex] g packets for R [tex]1[/tex].
We have to calculate the percentage profit that Sipho makes on his peanuts.
Sipho buy at R [tex]5[/tex]/kg.
As we know that,
[tex]1[/tex] kg [tex]=1000[/tex] g
Now we can say that Sipho buys [tex]1000[/tex] g peanut in R [tex]5[/tex].
Now we find the price of [tex]100[/tex] g peanut when Sipho buy peanut.
So [tex]1000[/tex] g [tex]=5[/tex] R
To find the price of [tex]100[/tex] g peanut we divide by [tex]10[/tex] on both side
[tex]\frac{1000}{10}[/tex] g [tex]=\frac{5}{10}[/tex] R
[tex]100[/tex] g [tex]=0.5[/tex] R
Hence, Sipho buy [tex]100[/tex] g peanut in R [tex]0.5[/tex] and sells [tex]100[/tex] g peanuts for R [tex]1[/tex].
Now we calculating the profit percentage.
As we know the formula of profit percentage
Profit Percentage = (Selling Price - Cost Price)/Cost price [tex]\times 100[/tex]
Profit Percentage [tex]=\frac{1-0.5}{0.5}\times100[/tex]
Profit Percentage [tex]=\frac{0.5}{0.5}\times100[/tex]
Profit Percentage [tex]=1\times100[/tex]
Profit Percentage [tex]=100[/tex]
Hence, Sipho makes [tex]100\%[/tex] profit on his peanuts.
To learn more about profit percentage link is here
https://brainly.com/question/11018349
#SPJ1
