He gets 1/8 of his sales as a connission. How much must he sell in order to earn $500?
1 answer:
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Answer:
The profit made on each pie is $8.
Step-by-step explanation:
Total number of pies sold at festival = 85
The selling price of each pie = $12
The cost price of total pies = $340
Now, the Total selling price= Number of pies x Selling Price of each Pie
= 85 x $12 = $1020
Hence, the Total Selling Price = $1020
Total Profit on the Pies = Selling Price - Cost Price
= $1020 - $340 = $ 680
or, The selling profit on 85 pies is $680.
Hence, the profit on each pie =
Hence, the profit made on each pie is $8.