Question

7) A school store buys pencils for $0.15 each.

•It sells the pencils for $0.22 each.
• The store sold 4 dozen pencils last week.
How much profit did the school store make from pencils?

Answer 1

9514 1404 393

Answer:

$3.36

Explanation:

On each pencil, the profit was ...

pencil profit = pencil price - pencil cost

pencil profit = $0.22 -0.15 = $0.07

The number of pencils sold was ...

(4 dz)(12 pencils/dz) = 48 pencils

Then the total profit was ...

(48 pencils)($0.07 /pencil) = $3.36

The store made a profit of $3.36 from pencils.