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Each month, Kofi ’s cheese shop sells 68 lb ofcheddar cheese and 36 lb of Swiss cheese.He buys the cheddar cheese in 10 lb blocksfor $96.50 each and the Swiss cheese in 3 lbrounds for $37.00 each. He then divides thecheese into smaller 4 oz packages, which hesells for $4.50 each. He discards unsold cheeseat the end of each month. How much profitdoes he make on cheddar cheese each year? |
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Answer» Given : Each month, Kofi ’s cheese shop sells 68 lb of CHEDDAR cheese . He BUYS the cheddar cheese in 10 lb blocks for $96.50 each. He then divides the cheese into smaller 4 oz packages, which he sells for $4.50 each. To find : How much profit does he make on cheddar cheese each year Solution: Kofi ’s cheese shop sells 68 lb of cheddar cheese Each month Buy cheddar cheese in 10 lb blocks for $96.50 each => 68/10 = 6.8 => 7 blocks to be bought Hence Cost Price = 7 * 96.5 = 675.5 $ 68 lb = 68 * 16 ozs Smaller package = 4 ozs Number of Packages = 68 * 16/4 = 272 packages Each package selling price = $ 4.5 Selling Price of Cheddar Cheese = 272 * 4.5 = 1224 $ Profit Each Months on Cheddar Cheese = 1224 - 675.5 = 548.5 $ Profit in year on Cheddar Cheese = 12 * 548.5 = 6582 $ Learn more: In omega stores,ceiling fans SOLD at 1728 rupees a piece fetches ... Each Sunday, a NEWSPAPER agency sells w copies of a special ... |
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