A florist brought 360 roses at 10 dollars per dozen. He sold them at $1.10 each. Calculate the profit/loss and the profit/loss percentage.
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the cost of 12 flowers is 10dollars
=the cost of 1 flower is 10/12 dollars
=the cost of 360 flowers is 10/12×360=300 dollars
the profit is 1.10
the selling price of 360 flowers= (10/12+1.1)×360
5/6+1.1×360
5+6.6/6×360
11.6×60
696
the profit=696-300=396
the profit %=396/300×100
=132%
=the cost of 1 flower is 10/12 dollars
=the cost of 360 flowers is 10/12×360=300 dollars
the profit is 1.10
the selling price of 360 flowers= (10/12+1.1)×360
5/6+1.1×360
5+6.6/6×360
11.6×60
696
the profit=696-300=396
the profit %=396/300×100
=132%
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