Question

A dealer bought 3 gross buttons at $.38 a dozen. He sold the buttons at 5 cents each. How much was his profit per gross?(12 dozen equals one gross)

Answer 1

3 x 12 = 36

.5 x 36 = 18.0

36 divided by .38 is about 94.7

18 - 94.7 = -76.7

ANSWER:

about -76.7

(I may have done this wrong

Answer 2

$2.64

Explanation:

Selling them at 5 cents each ($0.05), he could sell 1 dozen buttons for

12 * $0.05 = $0.60

As he bought them at $0.38 per dozen, the profit per dozen would be

$0.60 - $0.38 = $0.22

As 12 dozen is 1 gross, the profit per gross would be

12 * $0.22 = $2.64