Can someone help me i really needed
2 answers:
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Answer:
Nick made Profit of $3.125 with 25% profit on selling the trading cards.
Step-by-step explanation:
Given:
Amount paid for each card = $.50
Number of cards collected = 25
So Total Amount paid on cards is equal Amount paid for each card multiplied by Number of cards collected and then divided by 100
framing in equation form we get.
Total Amount paid on cards =
Now Given:
He sold them to his friends for 25% more than he paid.
So Total selling price of the card can be calculated by adding Total Amount paid on cards and multiplying 25 with total amount paid on cards and then divided by 100
framing in equation form we get;
Total selling price of the card =
Profit made = Total selling price of the card - Total Amount paid on cards
Profit made = $15.625 - $12.5 = $3.125
Percentile profit =
Hence Nick made Profit of $3.125 with 25% profit on selling the trading cards.