Question

Venus and Molly are selling candies to raise money for charity. They buy 80 bags of candy for $0.50 each. They sell all of them for $1.25 each. How much profit did they make? Hint: The profit is the difference between what the candies cost them and what they sold them for.

Answer 1

Answer: $60

Explanation:

From the question, we are told that Venus and Molly are selling candies to raise money for charity and that they buy 80 bags of candy for $0.50 each. This means that the total cost will be:

= 80 × $0.50

= $40

They sell all of them for $1.25 each. This means that the total selling price will be:

= 80 × $1.25

= $100

Profit = Selling price - Cost price

= $100 - $40

= $60