SOLUTION: A shopkeeper paid $80 for 80 bagels. He sold half of the for $2 each and the rest at $1 each. What is his profit?

SOLUTION: A shopkeeper paid $80 for 80 bagels. He sold half of the for $2 each and the rest at $1 each. What is his profit?

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Question 1154456: A shopkeeper paid $80 for 80 bagels. He sold half of the for $2 each and the rest at $1 each. What is his profit?

Answer by greenestamps(13203) (Show Source): You can put this solution on YOUR website!

At $80 for 80 bagels, his cost was $1 per bagel.

So half of them (40) he sold at cost, making 0 profit

On the other 40 he sold them each for $1 over his cost; his profit was 40($1) = $40.

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