SOLUTION: A salesman bought 2 dozen television sets at $300 each. He sold two-thirds of them at a 25% profit but was forced to take a 30% loos on the rest. what was his total profit(or loss)

Question 607307: A salesman bought 2 dozen television sets at $300 each. He sold two-thirds of them at a 25% profit but was forced to take a 30% loos on the rest. what was his total profit(or loss) on the television sets?
A)A loss of $200
B0A loss of $15
C)no profit or loss
D)a gain of $20
E)a gain of $480
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
A salesman bought 2 dozen television sets at $300 each. He sold two-thirds of them at a 25% profit but was forced to take a 30% loss on the rest. what was his total profit(or loss) on the television sets?
----
Original cost 24*300 = 7200
----
Profit: 0.25*(2/3)24*300 = 1200
---
Loss: 0.3*(1/3)24*300 = 720
----
Total profit = 1200-720 = $480
============================
Cheers,
Stan H.

A)A loss of $200
B0A loss of $15
C)no profit or loss
D)a gain of $20
E)a gain of $480

RELATED QUESTIONS
Mr. Lee bought two identical TV sets. He sold one at a profit of 25 % on cost and the... (answered by Alan3354)

A shopkeeper bought two TV sets at Rs 10,000 each. He sold one at a profit 10% and the... (answered by jorel555)

A man bought two different television sets, but later decided to sell them. He sold them... (answered by Mathtut,gonzo)

Mr Lee bought two identical television sets.He sold one at a profit of 25% on cost and... (answered by Alan3354)

a man bought 8 dozen articles at $1.40$ each, he sold 40 of them at a profit of 20%,35 at (answered by Theo)

Jamal bought widgets at $2.50 a piece. He sold them each at a $0.75 profit. If he wants... (answered by josmiceli)

suppose a random sample of 1750 households with television showed that 69.5 percent of... (answered by stanbon)

A florist buys flowers at 3.00 a dozen and sells them at 5.00 a dozen. How many dozen... (answered by ewatrrr)

Elliot paid 1.50 a dozen of flowers. He sold all but 5 dozen of them for $2 a dozen,... (answered by stanbon)