23.4k views
0 votes
I bought 6 cups for $15. Two of the cups fell, and I gained 15% profit after selling 4 cups. What is the selling price for each egg of the 4 cups, and what is the profit made on each of the cups sold? ​

1 Answer

0 votes

Final answer:

The selling price for each of the 4 cups is approximately $4.31, and the profit made on each cup is approximately $1.81 after a 15% profit margin.

Step-by-step explanation:

The student initially bought 6 cups for $15 and sold 4 cups after a 15% profit. To calculate the selling price per cup and the profit made on each of the cups sold, we first need to determine the total selling price for the 4 cups. If the student made a 15% profit on the sale of the 4 cups, we can represent the total cost of the 6 cups as the original investment (C), where C = $15.

To find the total revenue (R) after gaining a 15% profit, we use R = C + 0.15C. Substituting C with $15 gives us R = $15 + 0.15 x $15, which simplifies to R = $15 + $2.25, hence R = $17.25. Since this is the revenue from 4 cups, we divide this by 4 to get the selling price per cup: $17.25 / 4 = $4.31 approximately.

To calculate the profit made per cup, subtract the original cost per cup from the selling price per cup. The original cost per cup is $15 / 6 = $2.50. The profit per cup, therefore, is $4.31 - $2.50 = $1.81 approximately.

User Oyuna
by
8.2k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories