Question

Greg buys 60 garden plants at a cost price of $2.00 each to sell in his shop. He sells 25 of them at the profit of 75% and 18 of them at the profit of 35%. He sells the rest of the plants for 4/5 of the cost price calculate the profit or loss he makes from selling 60 plants stating if it is a profit or loss

Answer 1

• $43.30 profit

Explanation:

Total cost of plant:

• 60*2 = 120

Greg makes total of:

• 25*(2 + 0.75*2) + 18*(2 + 0.35*2) + (60 - 25 - 18)*2*4/5 = 163.3

Since Greg mare than cost, he has a profit and the amount is:

• 163.3 - 120 = 43.3