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03 Jul 2019, 02:38
Kudos
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B
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Difficulty:
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Question Stats:
92% (00:42) correct
8%
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A clothing store bought a container of 100 shirts for $20. If the store sold all of the shirts at $0.50 per shirt, what is the store's gross profit on the container?
A. 20
B. 30
C. 40
D. 60
E. 70
A. 20
B. 30
C. 40
D. 60
E. 70
03 Jul 2019, 02:58
Kudos
Bookmarks
Bunuel
A clothing store bought a container of 100 shirts for $20. If the store sold all of the shirts at $0.50 per shirt, what is the store's gross profit on the container?
A. 20
B. 30
C. 40
D. 60
E. 70
A. 20
B. 30
C. 40
D. 60
E. 70
Cost price = 20
Selling price = 100 * 0.5 = 50.
Gross profit = 50 - 20 = 30.
B is the correct answer.
03 Jul 2019, 03:08
Kudos
Bookmarks
Bunuel
A clothing store bought a container of 100 shirts for $20. If the store sold all of the shirts at $0.50 per shirt, what is the store's gross profit on the container?
A. 20
B. 30
C. 40
D. 60
E. 70
A. 20
B. 30
C. 40
D. 60
E. 70
bought a container of 100 shirts for $20
store sold all of the shirts at $0.50 per shirt
--> Selling Price of 100 shirts = 0.50*100 = 50 $
Gross Profit = SP - CP = 50 - 20 = 30 $
IMO Option B
Pls Hit Kudos if you like the solution
