Answered

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 :

anessa666

Answer:

12.50

Step-by-step explanation:

1.25x 24= 30

30

   -

18.50

____

12.50

LadyStrange

Number of water bottles Hudson buys :

[tex] =\tt 24 \times 2[/tex]

[tex] = \tt48[/tex]

Thus, Hudson buys 48 water bottles.

Cost price of 48 water bottles = 18.50

Cost price of 1 water bottle :

[tex] =\tt \frac{18.50}{48} [/tex]

[tex]\color{plum} =\tt \$0.38[/tex]

Thus, cost price of one water bottle = $0.38

Selling price of one water bottle = $1.25

Selling price of 48 water bottles :

[tex] = \tt48 \times 1.25[/tex]

[tex]\color{plum}=\tt \$60[/tex]

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 :

[tex] =\tt 60 - 18.50[/tex]

[tex]\color{plum} = \tt\$41.5[/tex]

Thus, profit Hudson made = $41.5

We know that :

[tex]\color{hotpink}\tt \: Profit \: Percentage =\color{plum} \frac{profit \times 100}{cost \: price} [/tex]

Percentage of profit Hudson made :

[tex] =\tt\frac{41.5 \times 100}{18.50 \times 100} [/tex]

[tex] =\tt \frac{4150}{1850} [/tex]

[tex]\color{plum} =\tt 2.24\%[/tex]

Thus, percentage of profit Hudson earned = 2.24%

Therefore,

● Profit Hudson made = $41.5

● Percentage of profit Hudson made = 2.24%

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