Question

A store buys 8 sweaters for $64 and sells them for $272. How much profit does the store make per sweater?

Answer 1

Answer: Profit: $240

Explanation:

In order to find the profit you need to multiply $64 by 8 sweaters. After you multiply $64 by 8 sweaters, you get your answer as $512. Finally, you subtract $512 by $272 and get your final answer as $240.

Answer 2

We can take note of what we know:

• 8 sweaters are bought for $64
• They are altogether sold for $272

With this in mind, we know that:

64 / 8 = 8

One sweater is sold for $8 before it is bought from the store.

We will see that:

$272 / 8 = $34

Therefore, the cost is $34 per sweater.

Now to subtract the old cost from the new cost:

$34 - $8 = $26

In comparison to the original cost, the investor in reselling makes a profit of $26.