A dealer bought 3 gross buttons at $.38 a dozen. He sold the buttons at 5 cents each. How much was his profit per gross?(12 doze
n equals one gross)
2 answers:
Answer:
$2.64
Step-by-step explanation:
Selling them at 5 cents each ($0.05), he could sell 1 dozen buttons for
12 * $0.05 = $0.60
As he bought them at $0.38 per dozen, the profit per dozen would be
$0.60 - $0.38 = $0.22
As 12 dozen is 1 gross, the profit per gross would be
12 * $0.22 = $2.64
3 x 12 = 36
.5 x 36 = 18.0
36 divided by .38 is about 94.7
18 - 94.7 = -76.7
ANSWER:
about -76.7
(I may have done this wrong
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