Question

There are 27 students in a 7th grade class. For a fundraiser, each student sells 50 candy bars that cost $0.75 each. If the class gets to keep 40%
of the profit from the sales, how much money does the class get to keep?

A. $15.00
B. $405.00
C. $607.50
D. $1,012.50

Answer 1

0.75*50=37.5

37.5*27=1012.5

1012.5*40%=405

Answer 2

Given :

Number of students = 27

Number of candy each student sells = 50

Cost of each candy bar = $0.75

Profit = 40%

To find : The class get to keep = ?

Solution :

Total cost price of 50 candy bars would be :

$50\times 0.75=\ 37.5$

Amount earned by 27 students would be :

$37.5\times 27=1012.50$

Profit they keep would be :

$\dfrac{40}{100}\times 1012.50=Rs.\ 405.00$

Hence, the class get to keep Rs. 405.00.

Therefore, Option 'B' is correct.