SOLUTION: I bought 150 magazines for 450 dollars. I sold half of them at a profit of 20%, 50 of them at a profit of 10%, and the rest at a loss of 4%.
a) How much did I receive from the sal
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a) How much did I receive from the sal
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Question 1098432: I bought 150 magazines for 450 dollars. I sold half of them at a profit of 20%, 50 of them at a profit of 10%, and the rest at a loss of 4%.
a) How much did I receive from the sales?
b) find my gain percent, correct to the nearest percent. Answer by ikleyn(52781) (Show Source):
You spent $3 buying each magazine.
a) You received 1.2*(75*3) + 1.1*(50*3) + 0.96*(150-75-50)*3 = 507 dollars.
b) Your gain percent is = 113% correct to the nearest percent.
