Question

A company purchased goods for $50 each and sold them for $70 each, making a profit of $4,240 in total.
How many units were sold?​

Answer 1

Answer:

total 212 units were sold

Step-by-step explanation:

first the profit in one unit is $20

we will divide 4240 by 20 so we will get our answer

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Answer 2

Given:

Cost price$=\ 50$ each

Selling price$=\ 70$ each.

Total profit$=\ 4240$

Solution:

Find the product of one unit.

Profit$=$ Selling price of each unit $-$ cost rice of each unit

        $=70-50\\=\ 20$

Know that, total profit earned is $\ 4240$.

Find the total number of units sold.

Total number of units sold$\[ = \frac{{{\rm{Total}}\,{\rm{profit}}}}{{{\rm{profit}}\,{\rm{on}}\,{\rm{one}}\,{\rm{unit}}}}\]$

                                           $=\frac{4240}{20} \\=212$

Hence, the total number of units sold is 212.