Question

A restaurant manager bought a case of 12 bottles of water. He paid 90p per bottle. He sold 1/4 of the bottles for £2.10 per bottle and the rest of the case for £2.40 per bottle. a) How much profit did he make? b) Write the profit as a percentage.

Answer 1

Explanation:

12 bottles for 0.90 per bottle = 12×0.90 = £10.80 as initial cost.

1/4 of 12 = 12×1/4 = 12/4 = 3 bottles

so, 3 bottles are sold for £2.10 per bottle = 3×2.1 = £6.30

the rest (12-3) 9 bottles are sold for £2.40 per bottle = 9×2.4 = £21.60

so, the total sales was 6.3 + 21.6 = £27.90.

the profit is then sales minus initial cost :

27.9 - 10.8 = £17.10

1% of the initial cost is 10.8/100 = 0.108

how often does 1% fit into the total profit ?

17.1/(10.8/100) = 17.1×100/10.8 = 158.3333333...%

so, the profit is 158.3333333...% of the initial cost.