Question

D. A car dealer purchased 40 new cars at

$6500 each. He sold 40% of them at
$8000 each and the rest at $9000 each.
What was his total profit?

Answer 1

$84000

Explanation:

40% of the cars would be 16 cars that are sold for $8000 each.

16×$8000=$128000

The remaining 60% of cars would be 24 cars to be sold at $9000 each.

24×$9000=$216000

The total profit = the sum - the amount he paid for all cars.

total profit = ($128000+$216000) - (40×$6500)

total profit = $344000 - $260000

total profit = $84000

Answer 2

40%=

5

2

​

5

2

​

⋅40=16 cars at 8000 each =128,000 in sales

40−16=

​

24 cars at 9000 each

​

=216,000 in sales

Total sales: 128,000+216,000=344,000

Total expense: 6500⋅40=260,000

Total profit: 344,000−260,000=84,000