Question

six boys earned $58 selling magazines on Saturday they paid $16 for the magazines if they share the profit equally how much will each boy receive

Answer 1

The amount each boy receive is $7.

`A=\text{ \$7}`

Step-by-step explanation:

Given;

six boys earned $58 selling magazines on Saturday they paid $16 for the magazines;

`\begin{gathered} \text{number of boys = 6} \\ \text{ selling price of the magazines = \$58} \\ \text{ Cost price of the magazines = \$16} \end{gathered}`

We know that;

`\begin{gathered} \text{Profit = Selling price - Cost price} \\ \text{Profit = \$58 - \$16} \\ \text{Profit = \$42} \end{gathered}`

Since the profit was shared equally among 6 boys the amount each boy will receive is;

`\begin{gathered} A=\frac{\text{Profit}}{\text{6}}=\frac{\text{ \$42}}{6} \\ A=\text{ \$7} \end{gathered}`

Therefore, the amount each boy receive is $7.

`A=\text{ \$7}`