Question

Mrs. Jones bought 250 apples for $22 500. She sold 50 for $120 each, and the remain she sold 5 for $1 000 a parcel. (a) State whether she made a profit or loss. (b) Calculate her percentage profit or percentage loss. ​

Answer 1

(a) yes

(b) 104% profit

Explanation:

250 apples for $22,500 (were they gold?)

Part 1:

50x$120=$6000

Part 2:

200 sold at $1000 per 5 apples=200/5x1000=$40,000

$40,000+$6000=$46,000

A profit of $23,500

23500/22500=1.044 or 104% profit