Answer:
She earned 67.29% profit
Explanation:
First let's find how much she spent on the coats.
50 x $28
$1400
So, her expense was $1400
Now, let's find how much she earned selling these coats.
We know she sold 38 of these coats at $49 each. Let's find how much she earned for these 38 coats.
38 x $49
$1862
She earned $1862 on these 38 coats.
Now, let's find how much she earned on the rest of the coats (50-38 which is 12). We know she sold the remaining for $40 each.
12 x $40
$480
She earned $480 on the rest of the coats.
The total she earned $2342
To find the profit:
Profit= $ Earned - Expenses
Profit= 2342-1400
Profit=$942
The question is asking for the percentage.
To find the percentage, we can use the percentage formula:
x 100
We know that the profit is $942 and the expense is $1400
(We want to find how much profit she made out of the expense)
x
If you round your answer, you will get 67.29
Answer: She earned 67.29% profit