Question

the school buys pencils for .20 each. it sells the pencils for .25 each. how much profit does the store make if it sells five dozen pencils

Answer 1

The stor buys the pencils for 0.20 and sells them for 0.25.

The difference between these two values represents the profit per pencil:

0.25-0.20= 0.05

The store profits 0.05cents per pecil sold.

One dozen equals 12 pencils, multiply it by 5 to know how many pencils are in 5 dozens:

12*5=60

The store sold 5 dozen pencils, this means they sold 60 pencils.

Multiply the profit per pencil by the total number of pencils sold to get how much they made:

60*0.05=3

For the 5 dozen pencils sold, the store made $3 profit.