Question

Ryan buys some jumpers to sell on a stall. He spends £130 buying 80 jumpers. He sells 75% of the jumpers for £9 each. He then puts the rest of the jumpers on a Buy one get one half price offer. He manages to sell half the remaining jumpers using this offer. How much profit does Ryan make?

Answer 1

£477.5

Explanation:

According to the problem, calculation of given data are as follows,

Total jumper bought = 80

Total spends = £130

Now, first sell 75% of jumper for £9 each, then

75% × 80 = 60

So, 60 × £9 = £540

Remaining jumper = 80 - 60 = 20

Selling half of remaining, 20÷ 2 = 10

Selling 10 jumper = (5 × £9) + (5 × £4.5 ) ( buy one get one half price)

Income of 10 = £45 + £22.5 = £67.5

So, total income by selling 70 jumpers = £540 + £67.5 = £607.5

Hence, Profit = £607.5 - £130

= £477.5