A man bough a dozen boxes, wach with 24 highlighter pens inside, for $8.00 each box. He repacked five of these boxes into packages of six highlighters each and sold them for $3.00 per package. He sold the rest of the highlighters separately at the rate of three pens for $2.00. How much profit did he make?

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08-12-2014
Mathematics

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A man bough a dozen boxes, wach with 24 highlighter pens inside, for $8.00 each box. He repacked five of these boxes into packages of six highlighters each and sold them for $3.00 per package. He sold the rest of the highlighters separately at the rate of three pens for $2.00. How much profit did he make?

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HolmesNWatson HolmesNWatson · Answer 1 · 2014-12-08T12:21:09-05:00

Firstly, you should work out the cost that he paid. He paid 12 (a dozen) by $8. Therefore, he paid $96 for the pens. In total, he has 288 pens (12x24). In total, he split 5 lots of 24, which is 120. You should then divide this by 6 (as he split them into packs of 6). 120/6= 20. He sold 20 pack at $3, for a total cost of $60. As he then split the rest 288-120= 168 for three pens. You then have to divide 168/3, giving you 56. As he sold these at $2 a pack, you have to multiply $2 by 56, giving you $112. Add together $112 and $60, and this gives you $172. To find the profit, subtract the total cost $96 from the total turnover $172. $172-$96= $76. Therefore, the total profit made is $76. Hope this helps :)