Problema Solution
cds were purchased at $65 per dozen and sold at $40 for four cds. find the profit on 9 dozens cds
Answer provided by our tutors
dozen = 12
The purchase cost for 9 dozen cds is:
$65*9 = $585
Cost = $585
9 dozen = 9*12
The revenue from 9 dozen cds is 40*(9*12/4) = $1,080
Revenue = $1,080
Profit = Revenue - Cost
Profit = $1,080 - $585
Profit = $495
The profit on 9 dozen cds is $495.