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A businessman buys 1,440 dozen pens at $2.50 a dozen and then sells them at a price of 25¢ apiece. What is his total profit on the lot of pens?

A businessman buys 1,440 dozen pens at $2.50 a dozen and then sells them at a price of 25¢ apiece. What is his total profit on the lot of pens?
asked 80.2k views
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A businessman buys 1,440 dozen pens at $2.50 a dozen and then sells them at a price of 25¢ apiece. What is his total profit on the lot of pens?

asked
User Jeff Kubina
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8.3k points

1 Answer

4 votes
he spend: 1440*2.5=3600
he earn: 0.25*1440*12=4320
[because he sells 0.25/each and buy 1440 dozen so 1440*12]

4320-3600=720
answered
User Patrick Y
by
8.4k points
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