Question

Hudson is selling water bottles at a baseball game to help raise money for new uniforms. Before the game, he buys two cases of 24 water bottles for a total of $18.50. At the game, he sells all of the bottles for $1.25 each. How much profit does Hudson make?

Answer 1

Answer:

12.50

Step-by-step explanation:

1.25x 24= 30

30

   -

18.50

____

12.50

Answer 2

Number of water bottles Hudson buys :

$=\tt 24 \times 2$

$= \tt48$

Thus, Hudson buys 48 water bottles.

Cost price of 48 water bottles = 18.50

Cost price of 1 water bottle :

$=\tt \frac{18.50}{48}$

$\color{plum} =\tt \ 0.38$

Thus, cost price of one water bottle = $0.38

Selling price of one water bottle = $1.25

Selling price of 48 water bottles :

$= \tt48 \times 1.25$

$\color{plum}=\tt \ 60$

Thus, selling price of 24 water bottles = $60

Which means :

▪︎Cost price = $18.50

▪︎Selling price = $60

Profit = Selling price - Cost price :

Profit Hudson made :

$=\tt 60 - 18.50$

$\color{plum} = \tt\ 41.5$

Thus, profit Hudson made = $41.5

We know that :

$\color{hotpink}\tt \: Profit \: Percentage =\color{plum} \frac{profit \times 100}{cost \: price}$

Percentage of profit Hudson made :

$=\tt\frac{41.5 \times 100}{18.50 \times 100}$

$=\tt \frac{4150}{1850}$

$\color{plum} =\tt 2.24\%$

Thus, percentage of profit Hudson earned = 2.24%

Therefore,

● Profit Hudson made = $41.5

● Percentage of profit Hudson made = 2.24%