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A stationery store purchased boxes of 60 pens each for $12.00 per box
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15 Oct 2021, 08:59
15 Oct 2021, 08:59
Expert Reply
00:00
Question Stats:
87% (01:48) correct
12% (02:31) wrong based on 8 sessions
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A stationery store purchased boxes of 60 pens each for $12.00 per box and then sold each pen for $0.35. What was the store’s gross profit on each pen?
(A) $0.05
(B) $0.10
(C) $0.15
(D) $0.20
(E) $0.30
(A) $0.05
(B) $0.10
(C) $0.15
(D) $0.20
(E) $0.30
Re: A stationery store purchased boxes of 60 pens each for $12.00 per box
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18 Oct 2021, 23:14
18 Oct 2021, 23:14
Re: A stationery store purchased boxes of 60 pens each for $12.00 per box
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19 Oct 2021, 02:11
19 Oct 2021, 02:11
Expert Reply
If the price per box of 60 pens was $12, the price per pen was: 12/60 =1/5 = 0.2
That’s 20 cents per pen. If the selling price of each pen was 35 cents, the profit per pen was: 35 − 20 = 15 cents, choice (C).
That’s 20 cents per pen. If the selling price of each pen was 35 cents, the profit per pen was: 35 − 20 = 15 cents, choice (C).
