The manager of the Craft Shoppe bought some rug kits for $16
each, sold all but 6 of them for $22 each, and made a total profit
of $168. How many kits were originally bought?
please show/explain your work. thank you! =D
2007-08-02 11:44:44 · 2 answers · asked by Anonymous in Education & Reference ➔ Homework Help
It depends on the accounting method, but if you only charge the cost when the item is sold, the answer is
(total profit / (unit sale price - unit cost))+ leftover units
(168 / (22 - 16 ))+6
I'm sure you can take it from there.
2007-08-02 11:50:58 · answer #1 · answered by open4one 7 · 0⤊ 0⤋
His profit- $22- $16= $6 so he makes $6 profit for every kit
$168 / 6= 28 so he sold 28 kits at $6 profit per piece so that makes his $168 profit
Now it's just 28 kits sold+ 6 kits leftover= 34
He bought 34 kits originally
Sorry I edited it
2007-08-02 18:55:15 · answer #2 · answered by Ivana Cracker 5 · 0⤊ 0⤋