Question

A hardware store pays $3500 for 42 lawnmowers.Then the store sells the lawnmowers for $99 each.How much profit does the store make from the lawnmower sales?

Answer 1

Answer: the profit is $4750

Step-by-step explanation:

A hardware store pays $3500 for 42 lawnmowers. This means that the amount that the hardware store paid for one lawnmower would be

3500/42 = $500/6

Then the store sells the lawnmowers for $99 each. This means that the total revenue that the store got from selling 42 lawnmowers would be

500/6 × 99 = $8250

Profit = Revenue - cost

Therefore, profit that the store makes from the lawnmower sales is

8250 - 3500 = $4750