A craft store buys 50 yards of satin ribon for $12.50. The store sells the ribbon by the foot. A customer can purchase 5 feet of
ribbon for $0.80. How much profit does the craft store earn if it sells 45 yards of the ribbon and scraps the rest?
1 answer:
Answer:
$8.1
Step-by-step explanation:
Convert 45 yards of ribbon to feet through proper conversion factor.
(45 yards)(3 ft / 1 yard) = 135 feet
Divide this number by 5 to determine the number of 5-ft ribbon that customers can purchased.
n = 135 ft / 5 ft = 27
Then, multiply by $0.80.
R = (27)($0.80) = $21.6
The profit is equal to $21.6 and $13.50,
P = $21.6 - $13.50 = $8.1
Answer: $8.1
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