Question

Hudson is selling water bottles at a baseball game to help raise money for new uniforms. Before the game, he buys two cases of 24 water bottles for a total of $18.50. At the game, he sells all of the bottles for $1.25 each. How much profit does Hudson make?

Answer 1

Number of water bottles Hudson buys :

`=\tt 24 * 2`

`= \tt48`

Thus, Hudson buys 48 water bottles.

Cost price of 48 water bottles = 18.50

Cost price of 1 water bottle :

`=\tt (18.50)/(48)`

`\color{plum} =\tt \$0.38`

Thus, cost price of one water bottle = $0.38

Selling price of one water bottle = $1.25

Selling price of 48 water bottles :

`= \tt48 * 1.25`

`\color{plum}=\tt \$60`

Thus, selling price of 24 water bottles = $60

Which means :

▪︎Cost price = $18.50

▪︎Selling price = $60

Profit = Selling price - Cost price :

Profit Hudson made :

`=\tt 60 - 18.50`

`\color{plum} = \tt\$41.5`

Thus, profit Hudson made = $41.5

We know that :

`\color{hotpink}\tt \: Profit \: Percentage =\color{plum} (profit * 100)/(cost \: price)`

Percentage of profit Hudson made :

`=\tt(41.5 * 100)/(18.50 * 100)`

`=\tt (4150)/(1850)`

`\color{plum} =\tt 2.24\%`

Thus, percentage of profit Hudson earned = 2.24%

Therefore,

● Profit Hudson made = $41.5

● Percentage of profit Hudson made = 2.24%

Answer 2

12.50

Explanation:

1.25x 24= 30

30

-

18.50

____

12.50