Suppose you own a card shop. You buy one line of cards at a rate of 4 cards for $5. You plan to sell the cards at a rate of 3 cards for $5. How many cards must you sell in order to make a profit of $100?
2006-09-18 13:25:31 · 9 answers · asked by Anonymous in Education & Reference ➔ Trivia
Explain your answer
2006-09-18 13:38:02 · update #1
Explain how you came to your answer.
2006-09-18 13:39:04 · update #2
4 cards per $5 means $1.25 per card.
3 cards per $5 means $1.6666 per card.
Profit is .4166666 per card.
You need 80 sales of 3 cards each, 240 cards.
Check. 240 cards cost 240/4 * $5 = $300
240 cards sell 240/3 * 5 = $400
Difference is $100
2006-09-18 13:35:25 · answer #1 · answered by SPLATT 7 · 2⤊ 1⤋
ok i havent done this in a while but i would say
244
I got it like this.....
you buy the cards for 4 for $5 which means you paid 1.25 per card
you sell for 3 for $5 which means you sell for 1.66 per card.
you are therfore making a .41 profit on each card.
take the 100.00 profit you are looking for and divide it by .41 you get 243.902cards therefore 244 cards
check your answer this way-
u paid 1.25per card for 244cards = 305.00 you paid
u sell for 1.66 per card for 244cards = 405.04 you make
take 405.04-305.00 and you get a profit of 100.04
2006-09-18 21:00:47 · answer #2 · answered by BJC 2 · 0⤊ 0⤋
60
2006-09-18 20:34:37 · answer #3 · answered by suequek 5 · 0⤊ 2⤋
60
2006-09-18 20:30:24 · answer #4 · answered by biged 3 · 0⤊ 2⤋
(200/5) -(100/5)*3 = 60 cards
2006-09-18 20:37:06 · answer #5 · answered by R D L 2 · 0⤊ 2⤋
from what everybody else is saying im gonna have to go with 60 cards
2006-09-18 21:06:54 · answer #6 · answered by Bdazzeling 2 · 0⤊ 2⤋
ans fer 2 points
2006-09-19 02:03:16 · answer #7 · answered by funkyscorpion 3 · 0⤊ 0⤋
yep its 60 i worked it out on my calculator
2006-09-18 20:37:12 · answer #8 · answered by Mattimos 3 · 0⤊ 2⤋
5times20equals100
so3times20equals60
maybe
i
dont
know
2006-09-18 21:49:33 · answer #9 · answered by Jo-Jo 2 · 0⤊ 0⤋