SOLUTION: A tire dealer sells 2 tires for as much as he paid for 3 tires. He paid $240 for a dozen tires. What is the total profit on 12 tires?

Question 268886: A tire dealer sells 2 tires for as much as he paid for 3 tires. He paid $240 for a dozen tires. What is the total profit on 12 tires?
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
A tire dealer sells 2 tires for as much as he paid for 3 tires. He paid $240 for a dozen tires. What is the total profit on 12 tires?
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He paid 240/3 = 80 dollars for each tire.
He sold 2 tires for 240/2 = 120 dollars apiece
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His profit on each tire was 40 dollars
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Profit on 12 tires is 12*40 = $480
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Cheers,
Stan H.
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