Eugenia bought 120 watches at 50 dollars each. She sold 3/4 of the watches at 80 dollars each. She then sold all the remaining watched at 40 dollars each. Work out her percentage profit.
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Answer:
CP of each watch =30 , number of watches =120
total CP =30×120=$3600
the sold 50% (60 watches) at $20
SP of these =60×20=$1200= SP1
3
1
(
3
100
=40) is sold at $40
SP2=40×40=$1600
rest (120−60−40=20) is sold at $60
SP3=20×60=$1200
Total SP =1200+1600+1200=$4000
profit SP-CP =4000−3600=$400
Average profit =
120
400
=$3.3
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