55.5k views
1 vote
a shop bought 100 toy cars for $180. 7 were broken. The shop sold the rest for 3 at $10. How much profit did the shop make

User MJL
by
8.0k points

1 Answer

1 vote

Answer:

The shop made a profit of $130.

Explanation:

To calculate the shop's profit, we need to determine the total cost and total revenue.

Total Cost:

The shop purchased 100 toy cars for $180, making the cost per car $180/100 = $1.80.

Total Revenue:

Out of the 100 cars, 7 were broken, leaving 93 cars available for sale.

The shop sold these cars in sets of 3 for $10 per set, resulting in 93/3 = 31 sets sold.

Since each set consists of 3 cars sold for $10, the revenue per set is $10.

Hence, the total revenue from selling the cars is 31 sets x $10/set = $310.

Profit Calculation:

Profit is calculated by subtracting the total cost from the total revenue.

Total cost = Cost per car x Number of cars = $1.80 x 100 = $180.

Profit = Total revenue - Total cost = $310 - $180 = $130.

Therefore, the shop made a profit of $130.

User Mime
by
8.1k 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