Question

Jocelyn sells necklaces for $8 each. It costs her $20 for materials to make the necklaces. What is Jocelyn's net profit when she sells 2 necklaces?

Answer 1

its $4.00

Explanation:

Answer 2

There is no profit in selling two necklaces and she has to sell more than two to make a profit. Net profit = -4

Explanation:

The cost of raw materials for making the necklace = $ 20

The selling price of a necklace = $ 8

Ne profit on selling 2 necklaces = ?

Selling price of 2 necklaces = 2 * 8 = $ 16

Cost price or making price of necklaces = $ 20

Profit = selling price - cost price

= 16 - 20

= -4 , there is no profit in selling two necklaces.

To gain profit, she has to sell more than two necklaces.