A retailer buys cases of 24 shirts for $30/case and then resells them in packs of 5 for $8/pack. If the retailer sold all the shirts it purchased and profited $84 on the sale, how many packs of shirts did it sell?
A10
B48
C56
D96
E240
Answers
Answered by
5
Cases of 24 shirt cost $30/case.
1 case = 24 shirt
24 shirt=$ 30
1 shirt=$30/24
1 shirt=$5/4 [cost price]
Pack of 5=$8 /pack
Cost of 1 shirt=$8/5 [Selling price]
Profit on one shirt=8/5-5/4=$7/4
Let the retailer sells n pack of shirts.
Total profit =$ 84
→7/4 × n=84
→7 n=4×84
→n=4×12
→n=48
Option (B) 48 is correct answer.
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