Answered

At Westonci.ca, we connect you with experts who provide detailed answers to your most pressing questions. Start exploring now! Ask your questions and receive precise answers from experienced professionals across different disciplines. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.

ace landscape buys 100 shovels for $15 each. ace sells all 100 shovels at $29.99. what is his profit?

Sagot :

HolmesNWatson
To work out the profit, firstly, you have to work out the cost of buying them, which is $15 multiplied by 100, which is $1500. You then have to work out what he sold them all at, which is $29.99 multiplied by 100, which is $2999. You then have to subtract $1500 from $2999, giving you $1499. Therefore, Ace made $1499 in profit. Hope this helps :)
SchwarzschildRadius
So, assuming that there is no overhead, we are finding the gross profit.

The profit will be
selling price - cost = gross profit or x
selling price - cost = x

1. selling price = $29.99 (no rounding)

2. cost = $15

selling price - cost = x

29.99 - 15 = x

Collect Like Terms
14.99 = x

Ace Landscaping made a gross profit of $14.99 per shovel.
Since they sold 100 shovels, their profit is increased 100-fold.

$14.99(100) = total gross profit

$1499 = total gross profit

Ace Landscaping grossed $1499. (A LOT) (RIP-OFF :P)
Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. We're glad you visited Westonci.ca. Return anytime for updated answers from our knowledgeable team.