A tire dealer sells 2 tires for as much as he paid for 3 tires. He paid $240 for a dozen tires. Profit for 12?

Answer 1

The dealer makes a profit of $120 on 12 tires.
He sells two tires for $60, the price he paid for three. If you multiply this amount by 6 (2 tires x 6 = 12 tires), you get $360. Subtract the original purchase amount of $240...You get $120 profit on the 12 tires.

Answer 2

The dealer paid $240 for all 12 or $60 for 3 and sells 2 for $60 or all 12 for $360.
In math problems that equals $120 profit.
In the real world, after paying rent, utilities, wages, taxes, insurance and dozens of other expenses, the dealer would be lucky to break even selling tires at only 50% over cost. Selling the dozen tires for around $500 might net the dealer $25 or so in net profit.

Answer 3

$240 for 12
$240 / 12 = $20 per tire purchase amount

12 / 4 = 3 tires
$240 / 4 = $60

He paid $60 for 3 tires.
He sold 2 tires for $60.
$60 / 2 = $30 per tire sales amount
$30 x 12 = $360 total sales amount for all the tires

$360 total income - $240 total spent = $120 profit for all the tires

Answer 4

He paid $240 for 12. He can sell 8 for this amount. This means he sells them for $30 each. He bought them at $20 (240/12). This gives a profit of $10 per tyre.

He would therefore recieve a profit of $120 for selling 12.

Hope this helps,

Joe

Answer 5

Tire Sells

Answer 6

$240 buy cost for dozen= 240/12=$ 20 per tyre
buy cost of 1 tyre = $ 20
a tyre dealer sells 2 tyre for as much as he paid for 3 tyres.
so cost of selling of 2 tyre = cost of buy for 3 tyre
cost of selling of 2 tyre = 3 * 20
= 60 $
so cost of selling of 1 tyre = 30 $
profit of selling for dozen tyre = (12 *30)-(12 *20) =120 $
super trade 50 % profit .

Answer 7

120dollers profit on 12 .

Answer 8

at $20.00 per tire...2 tires are sold for 60.00...with a profit of ten per tire...profit is $120.00

Answer 9

Do your own math homework!!! lol I can't do math very well, I don't have my glasses on.