Question

To raise money, the Boy Scouts bought 190 kg of taffy for $723.90. They sold the tafty in 400 g bags

for $3.28 ench. How much profit did they make?

Answer 1

They made profit of
`\$834.10` by selling 190 kg of taffy in 400 g bags at rate of
`\$3.28` each.

Solution:

Given that

To raise money, the Boy Scouts bought 190 kg of taffy for
`\$723.90`.

They sold the tafty in 400 g bags for
`\$3.28\text{ each }`

Need to calculate the profit the made.

Cost price of 190 kg of taffy =
`\$723.90`

As 1 kg = 1000 gram,

So 190 kg of taffy =
`190* 1000 = 190000\text{ grams of taffy }`

So cost price of 190000 gram of taffy =
`\$723.90`

Now let us calculate number of 400 grams bags which can be made from 190000 grams of taffy

Number of 400 grams bags =
`(190000)/(400)=475 \text { bags }`

Amount generated from 1 bag of 400 gram taffy = 3.28

So amount generated from 475 bags of taffy =
`475*3.28 = \$1558`

Selling price of 190000 grams of taffy = amount generated from 475 bags of taffy =
`\$1558`

`\text{ Profit }= \text{ selling price }-\text{ cost price }= 1558-723.90 = \$834.10`

Hence they made profit of
`\$834.10` by selling 190 kg of taffy in 400 g bags at rate of
`\$3.28`