Question

A salesman bought 2 dozen television sets at $300 each. He sold two-thirds of them at

a 25% profit but was forced to take a 30 % loss on the rest. What was his total profit (or
loss) on the television sets?

Answer 1

Answer: A salesman bought 2 dozen television sets at $300 each. He sold two-thirds of them at a 25% profit but was forced to take a 30% loss on the rest. what was his total profit(or loss) on the television sets?

----

Original cost 24*300 = 7200

----

Profit: 0.25*(2/3)24*300 = 1200

---

Loss: 0.3*(1/3)24*300 = 720

----

Total profit = 1200-720 = $480

Explanation:

Answer 2

Well, the first 16 were about 16*75=$1200 extra. The last 8 were $720 lost. Thus, the total profit is $480. He bought them with $7200, which means the profit is around 6.67%.