Ryan buys some jumpers to sell on a stall.
He spends £180 buying 40 jumpers.
He sells 60% of the jumpers for £7 each.
He then puts the rest of the jumpers on a Buy one get one half price offer.
He manages to sell half the remaining jumpers using this offer.
How much profit does Ryan make?
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Answer:
cost of 40 jumpers=180
cost of 1 jumper=180/40=4.5
60% of 40 jumpers=24
money he got from selling 24 jumpers=24*7=168
remaining jumpers=40-24=16
jumpers he sold=16/2=8=4 (Buy one get one free offer)
money he got from selling 4 jumpers=4*7=28
total money he got=28+168=196
Profit=196-180=16
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