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A trader sold 600 units of books for $6 each and 800 units of books fo

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A trader sold 600 units of books for $6 each and 800 units of books fo  [#permalink]

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New post 24 Sep 2018, 05:50
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Question Stats:

89% (01:09) correct 11% (00:49) wrong based on 20 sessions

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A trader sold 600 units of books for $6 each and 800 units of books for $4 each. If the trader’s cost of producing each unit of book was $5, what was the trader’s profit or loss on the sale of 1,400 books?

(A) Loss of $600
(B) Loss of $200
(C) No profit or loss
(D) Profit of $200
(E) Profit of $300

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Re: A trader sold 600 units of books for $6 each and 800 units of books fo  [#permalink]

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New post 24 Sep 2018, 05:57
600 units sold for 6$ each. Total sales = 3600$.
800 units sold for 4$ each. Total sales = 3200$.
Total Cost price = 1400*5 = 7000$.
Total selling price = 6800.

Loss = SP-CP = 200$.

B is the answer

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Re: A trader sold 600 units of books for $6 each and 800 units of books fo   [#permalink] 24 Sep 2018, 05:57
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