Profit+and+Loss

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= Profit and Loss =

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Profit and Loss on line problems

Profit and Loss Two

Profit and Loss Three

Let's look at a challenging multi-step problem: > A salesman bought a case of 48 backpacks for $576. He sold 17 of them for $18 at the swap meet, and the rest were sold to a department store for $25 each. How much was the salesman's profit? Start by clarifying what you understand, and what you are being asked to solve. 17 x $18 = $306 and 31 x $25 = $775. The total he earned was $306 + $775 = $1,081. Since profit is money earned minus money spent, his profit is $1,081 - $576 = $505. The salesman’s profit was $505.
 * **48** is the total number of backpacks.
 * $**576** is the amount of money he spent.
 * **17** is the total sold for $**18** each.
 * “The rest” means the number left after the 17 were sold. 48-17 = 31, so **31** is the total sold for $**25** each.
 * “How much was the salesman’s profit?” is the question being asked.

Sales and Discounts: media type="custom" key="26080242"

Gross Profit Margins: media type="custom" key="26080218"

Percent increase or decrease: media type="custom" key="26080248" Money Conversion for profit or loss:

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