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21 May 2017, 02:04
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During the first week of September, a shoe retailer sold 10 pairs of a certain style of oxfords at $ 35 a pair. If, during the second week of September, 15 pairs were sold at the sale price of $ 27.50 a pair, by what amount did the revenue from weekly sales of these oxfords increase during the second week?
A) $ 62.50
B) $ 75.00
C) $ 112.50
D) $ 137.50
E) $ 175.00
A) $ 62.50
B) $ 75.00
C) $ 112.50
D) $ 137.50
E) $ 175.00
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21 May 2017, 02:40
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During the first week of September, a shoe retailer sold 10 pairs of a certain style of oxfords at $ 35 a pair. If, during the second week of September, 15 pairs were sold at the sale price of $ 27.50 a pair, by what amount did the revenue from weekly sales of these oxfords increase during the second week?
During the first week
Amount made by selling 10 pairs of shoes at 35$ a piece is 350$
During the second week
Since he sold 15 shoes at a sale price of $27.50, he will make a loss of 7.50$ each on the first 10 shoes.
This amounts to a total loss of 75$ on the first 10 pairs of shoes.
The remaining shoes he sells at 27.5$ is pure profit. This amounts to 137.50$.
Net increase in sales = (S.P)Profit of last 5 shoes - Loss of first 10 shoes = 137.50$ - 75$ = 62.5$(Option A)
During the first week
Amount made by selling 10 pairs of shoes at 35$ a piece is 350$
During the second week
Since he sold 15 shoes at a sale price of $27.50, he will make a loss of 7.50$ each on the first 10 shoes.
This amounts to a total loss of 75$ on the first 10 pairs of shoes.
The remaining shoes he sells at 27.5$ is pure profit. This amounts to 137.50$.
Net increase in sales = (S.P)Profit of last 5 shoes - Loss of first 10 shoes = 137.50$ - 75$ = 62.5$(Option A)
21 May 2017, 04:51
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carcass
10 pairs @35 = 350
15 pairs @27.5 = 412.5
Increase = 412.5 - 350 = 62.5
Answer: Option A
