ECONOMICS
CONSUMERS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Colbie is buying pencils for Christmas. The pencil company sells pencils for $2.00 and they cost $1.00 to make. If Colbie buys 10 pencils how much money in profit did Colbie make for the pencil company?
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$1.00
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$5.00
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$10.00
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$20.00
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Explanation:
Detailed explanation-1: -The total cost of 10 pencils is ₹20.
Detailed explanation-2: -Hence, the required percentage profit is 20%.
Detailed explanation-3: -cost of 25 pencil =25×2.75=68.75.
There is 1 question to complete.