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09 Jun 2018, 00:09
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B
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Difficulty:
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78% (02:35) correct
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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
(A) $780
(B) $1,020
(C) $2,160
(D) $2,640
(E) $3,840
09 Jun 2018, 00:58
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Bunuel
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.
07 Jul 2019, 21:35
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Given :
Selling price of 1 Bottle = $20
Selling price of 12 bottles = 1 case = $220
Cost Price of 1 bottle = $10
Shipping charges of 1 bottle = $5
Shipping charges of 1 case = $40
=> Total Cost Price = Price of bottle + Shipping Charges
12 cases + 60 bottles
Selling price = 12 * $220 + 60 * $20 = $3840
Cost Price of 60 bottles = 60 * $10 + 60 * $5 = $900
Cost Price of 12 Cases = (12 * 12) * $10 + 12 * $40 = $1920
Total Cost price = $900 + $1920 = $2820
Hence Profit = SP - CP = $3840 - $2820 = $1020 . Option B
Selling price of 1 Bottle = $20
Selling price of 12 bottles = 1 case = $220
Cost Price of 1 bottle = $10
Shipping charges of 1 bottle = $5
Shipping charges of 1 case = $40
=> Total Cost Price = Price of bottle + Shipping Charges
12 cases + 60 bottles
Selling price = 12 * $220 + 60 * $20 = $3840
Cost Price of 60 bottles = 60 * $10 + 60 * $5 = $900
Cost Price of 12 Cases = (12 * 12) * $10 + 12 * $40 = $1920
Total Cost price = $900 + $1920 = $2820
Hence Profit = SP - CP = $3840 - $2820 = $1020 . Option B
