Question

A retailer purchases 117 units for a total of 1,250 and sells them for 1,601 what is the profit for each unit?

Answer 1

The profit for each unit is exactly $3.00.

To solve this:

1.) Take the total sales, and subtract the total purchase amount from it

1601-1250 = 351

2.) Divide that by the total amount of units.

351 / 117 = 3