Question

Gemma’s mum runs the merchandise shop. She buys 60 t-shirts from the wholesaler at £13 each. She sets the selling price of each t-shirt to make 30% profit on each. She sells 40 t-shirts at this price. Towards the end of the tournament, she reduces the price by 20% and sells the remaining t-shirts. Has she made a profit or a loss? How much profit/loss has she made?

Answer 1

Answer: 166.40

Explanation:
She buys 60 t-shirts from the wholesaler at $13 each.
= $780

She sets the selling price of each t-shirt to make 30% profit on each.

She sells 40 t-shirts at this price.
= $676

Towards the end of the tournament, she reduces the price by 20% and sells the remaining t-shirts.
= $270.40

Has she made a profit or a loss? Profit

How much profit/loss has she made? $166.40

Answer 2

132.6 profit

Explanation:

13 plus 30 percent

$16.9 times 40

$676

16.9 - 30%

$11.83 times 20

$236.6 plus 676

$912.6 - 13 × 60

$912.6 - $780

132.6 profit