Shari purchased 87 erasers at the rate of $3 per eraser. She sold 63 of them at the rate of $3.50 per eraser and the remaining a t the rate of $3 per eraser. Find her profit or loss percent.
1 answer:
Answer:
<h2>12.1% profit</h2>
Step-by-step explanation:
Given data
total eraser= 87
cost =$3 each
Total cost of eraser= 87*3= $261
she sold 63 at $3.5
1. sales made for the 63= $220.5
2 sale made for the remaining= 87-63=24
24*3=$72
Total sales made = 220.5+72=$292.5
her profit= sales-cost
profit= 292.5-261=$31.5
therefore the percent profit is
=31.5/261*100
=0.12*100
=12.1%
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