Question 692523: Peter purchased 450 apples for $375 and sold it at the rate of $13 per dozen. What is the percent of profit or loss that he makes? Found 2 solutions by checkley79, MathTherapy:Answer by checkley79(3341) (Show Source):
You can put this solution on YOUR website! 450/12=37.5 dozen apples.
37.5*13=$487.50 what he sold them for.
487.50-375=$112.50 was his profit.
You can put this solution on YOUR website! Peter purchased 450 apples for $375 and sold it at the rate of $13 per dozen. What is the percent of profit or loss that he makes?
He sold them for more than he purchased them for so he made a profit
Sale price = ---- 37.5 * 13, or $487.50
Profit = 487.5 - 375, or $112.50
Profit percent = , OR
Profit percent = , or %
Send comments and “thank-yous” to “D” at MathMadEzy@aol.com
(