Question

Last week at the business where you work, you sold 250 items. The business paid $10.29 per item and sold them for $13.99 each. What profit did the business make from selling the 250 items?

Answer 1

$925

Explanation:

First you need to understand what does "profit" mean. When you sell something, you need to get the balance between the money you spend on the item and the money you've earned by selling it.

So, profit= sale price(Ps) - purchase price(Pp)

For one item:

Ps=$13.99 and Pp=$10.29

Profit= $13.99 - $10.29 = $3.7

Now, in the question, we are asked about 250 items. As every item has the same price, the profit is the same for each one. Then, it is 250 times the profit of one item.

For 250 items:

Profit= 250 × $3.7= $925