Question

Ravi buys some hats to sell at a school fete. He buys 56 hats for a total £120

Ravi sells 3/7 of these hats at £3.50 each.
He reduces the selling price of the remaining hats to £3 each.
He sells half of the remaining hats at this selling price.

Work out the profit Ravi makes.

Answer 1

$12

Explanation:

3/7 of 56 = 24 hats

24 x $3.5 = $84

The remaining hats 56-24 =32 hats

HALF of 32 =16hats

16x$3 =$48

$84 + $48 = $132

But he spent $120

The profit Ravi made = 132-120 = $12