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An online merchant sells wine for $20 for an individual bottle or $220

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An online merchant sells wine for $20 for an individual bottle or $220 [#permalink]

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New post 09 Jun 2018, 00:09
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An online merchant sells wine for $20 for an individual bottle or $220 for a case of 12. Either way, the merchant’s cost for the wine is $10 per bottle. Shipping costs the merchant $5 for a bottle and $40 for a case. If 12 cases and 60 individual bottles were sold, and there were no other revenue or expenses, the merchant’s profit was equal to which of the following?

(A) $780
(B) $1,020
(C) $2,160
(D) $2,640
(E) $3,840

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Re: An online merchant sells wine for $20 for an individual bottle or $220 [#permalink]

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New post 09 Jun 2018, 00:58
Bunuel wrote:
An online merchant sells wine for $20 for an individual bottle or $220 for a case of 12. Either way, the merchant’s cost for the wine is $10 per bottle. Shipping costs the merchant $5 for a bottle and $40 for a case. If 12 cases and 60 individual bottles were sold, and there were no other revenue or expenses, the merchant’s profit was equal to which of the following?

(A) $780
(B) $1,020
(C) $2,160
(D) $2,640
(E) $3,840


The merchant sells the wine for 220*12 + 20*60 = 2640 + 1200 = $3840.

The cost associated with producing and shipping the wine is as follows:

A case will have 12 bottles, so a total of 12*12 + 60 = 204 bottles are produced.
Each bottle costs $10 to produce, making the production cost $204*10 = $2040.

Shipping cost -> 40*12 + 60*5 = $780 (Shipping cost: $5 per bottle | $40 per case)

Hence, the total cost incurred by the manufacturer is $2040 + $780 = $2820.

Therefore, the merchant makes a profit of $3840 - $2820 = $1020(Option B) selling the wine.
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Re: An online merchant sells wine for $20 for an individual bottle or $220   [#permalink] 09 Jun 2018, 00:58
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An online merchant sells wine for $20 for an individual bottle or $220

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