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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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New post 18 Apr 2017, 02:49
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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
[Reveal] Spoiler: OA

Last edited by Bunuel on 18 Apr 2017, 02:52, edited 1 time in total.
Renamed the topic and edited the question.
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Re: A grocery store purchased crates of 40 oranges each for $5.00 per [#permalink]

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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.

Answer: A.
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Re: A grocery store purchased crates of 40 oranges each for $5.00 per   [#permalink] 18 Apr 2017, 02:57
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