Answered

Get reliable answers to your questions at Westonci.ca, where our knowledgeable community is always ready to help. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.

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)
Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Find reliable answers at Westonci.ca. Visit us again for the latest updates and expert advice.