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
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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)
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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.
