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)

Algebra ->  Proportions -> 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)      Log On


   

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) About Me  (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