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3 years ago

Toby buys packs of 12 racing cars for R49,99 and sells each racing car for R10 at school

Mathematics

1 answer:

Ratling [72]3 years ago

4 0

Answer:

1.1 R5.83

1.2 R70.01

1.3 58.34%

Step-by-step explanation:

Given that he buys a pack of 12 racing cars for R49,99 then the unit cost for a car which is the total cost divided by the number of cars in a pack

= R49,99/12

= R4.17

If each car is sold for R10 then the profit made on each car which is the difference between the cost and the selling price

= R10 - R4.17

= R5.83

The profit margin on one pack of 12 racing cars

Profit margin is the ratio of the profit to the total selling price

The total profit (profit on one pack of 12 racing cars)

= R5.83 * 12

=R70.01

Total selling price = R10 * 12

=R120

Margin = R70.01 / R120

= 58.34%

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