Question

A local grocery store received a new shipment of apples. The apples arrived in 8 crates with 20 apples in each crate. If the store pays $0.21 per apple and sells each apple for $0.79, what would the profit be after selling all of the apples?

A.
$16.24
B.
$22.12
C.
$92.80
D.
$126.40

Answer 1

The correct answer is C. $92.80

Step-by-step explanation:

The first step is to calculate the profit for each apple, this can be found by subtracting the cost the store pays from the selling price.

$0.79 - $0.21 = $0.58

This means for each apple the store sold, the profit (amount of money earned) is $0.58. Now, let's find the total apples the store received, and therefore the total of apples the store can sell.

8 creates each with 20 apples

8 x 20 = 160 apples

Finally, multiply the profit for selling one unit by the total apples

160 x 0.58 = $92.8