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A farmer produced 750 bushels of a certain crop at a cost of

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Intern
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Joined: 08 Nov 2008
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A farmer produced 750 bushels of a certain crop at a cost of [#permalink] New post 19 Nov 2008, 19:18
A farmer produced 750 bushels of a certain crop at a cost
of $20 per bushel. If the farmer sold 2/3 of the bushels for
double their production cost and sold the remaining bushels
at 25 percent above their production cost, what was the
farmer’s gross profit on the sale of the crop?
A. $11250
B. $13375
C. $15000
D. $18750
E. $26250
Senior Manager
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Joined: 28 Feb 2007
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Re: farm--25 [#permalink] New post 20 Nov 2008, 00:38
A.
sales=2/3*750*40 + 1/3*750*20*1.25=26250
cost=750*20=15000
profit=sales-cost=11250
Re: farm--25   [#permalink] 20 Nov 2008, 00:38
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A farmer produced 750 bushels of a certain crop at a cost of

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