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# A grocery store purchased crates of 40 oranges each for \$5.00 per

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A grocery store purchased crates of 40 oranges each for \$5.00 per  [#permalink]

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Updated on: 18 Apr 2017, 03:52
1
3
00:00

Difficulty:

5% (low)

Question Stats:

89% (01:27) correct 11% (01:54) wrong based on 118 sessions

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A grocery store purchased crates of 40 oranges each for \$5.00 per crate and then sold each orange for \$0.20. What was the store's gross profit on each crate of oranges?

(A) \$3.00
(B) \$6.00
(C) \$8.00
(D) \$10.00
(E) \$13.00

Originally posted by Nightmare007 on 18 Apr 2017, 03:49.
Last edited by Bunuel on 18 Apr 2017, 03:52, edited 1 time in total.
Renamed the topic and edited the question.
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Joined: 02 Sep 2009
Posts: 58469
Re: A grocery store purchased crates of 40 oranges each for \$5.00 per  [#permalink]

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18 Apr 2017, 03:57
Nightmare007 wrote:
A grocery store purchased crates of 40 oranges each for \$5.00 per crate and then sold each orange for \$0.20. What was the store's gross profit on each crate of oranges?

(A) \$3.00
(B) \$6.00
(C) \$8.00
(D) \$10.00
(E) \$13.00

Price per crate is \$5.
Revenue per crate = 0.2*40 = \$8.

Profit per crate = \$8 - \$5 = \$3.

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Re: A grocery store purchased crates of 40 oranges each for \$5.00 per  [#permalink]

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05 Apr 2018, 17:14
Nightmare007 wrote:
A grocery store purchased crates of 40 oranges each for \$5.00 per crate and then sold each orange for \$0.20. What was the store's gross profit on each crate of oranges?

(A) \$3.00
(B) \$6.00
(C) \$8.00
(D) \$10.00
(E) \$13.00

Each crate of oranges costs 5 dollars, and each crate is sold for 40 x 0.2 = 8 dollars, so the profit, per crate, is 3 dollars.

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Re: A grocery store purchased crates of 40 oranges each for \$5.00 per   [#permalink] 05 Apr 2018, 17:14
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