Jane bought 300 packets of chocolate.
Jane bought 300 packets of chocolate. She was able to sell 1/3 of them at a 10% profit, another 1/3 of them at zero profit and the remainder was sold at a 5% loss. Find the total profit or loss made by Jane after selling those 300 packets. A packet sold at a loss had a price of $9.
Please provide an intuitive answer if possible. Thanks!!
Answer/Solution
Profit of $50
Steps/Work
A packet sold at a 10% loss had a price of $9, thus the cost of a packet is $10.
100 packets was sold at a 10% profit --> gives profit of 10*0.1*100 = $100.
100 packets was sold at a 5% loss --> gives loss of 10*0.05*100 = $50.
The overall Profit is $100 - $50 = $50.
Answer: D.
100 packets was sold at a 10% profit --> gives profit of 10*0.1*100 = $100.
100 packets was sold at a 5% loss --> gives loss of 10*0.05*100 = $50.
The overall Profit is $100 - $50 = $50.
Answer: D.