Question

Joe's Fabric Store purchased 6 bolts of fabric at $150.00 per bolt. Each bolt contained 50 m of fabric. If the fabric was retailed at $8.00 per metre, calculate the profit or loss.​

Answer 1

answer: $1500 profit


reasoning:

the store purchased 300 m of fabric at $900 (6 x 50 = 300; 6 x 150 = 900).

the retail price for all that fabric would be $2400 ($8 x 300 m = $2400).

$2400 - $900 = $1500