SOLUTION: Peter purchased 450 apples for $375 and sold it at the rate of $13 per dozen. What is the percent of profit or loss that he makes?

Question 692523: Peter purchased 450 apples for $375 and sold it at the rate of $13 per dozen. What is the percent of profit or loss that he makes?
Found 2 solutions by checkley79, MathTherapy:
Answer by checkley79(3341) (Show Source): You can put this solution on YOUR website!
450/12=37.5 dozen apples.
37.5*13=$487.50 what he sold them for.
487.50-375=$112.50 was his profit.
Answer by MathTherapy(10552) (Show Source): You can put this solution on YOUR website!
Peter purchased 450 apples for $375 and sold it at the rate of $13 per dozen. What is the percent of profit or loss that he makes?

He sold them for more than he purchased them for so he made a profit

Sale price = ---- 37.5 * 13, or $487.50

Profit = 487.5 - 375, or $112.50

Profit percent = , OR

Profit percent = , or %

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