Suppose you own a card shop. You buy one line of cards at a rate of 4 cards for $5. You plan to sell the cards at a rate of 3 cards for $5. How many cards must you sell in order to make a profit of $100?
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OpenStudy (anonymous):
yo motha
OpenStudy (anonymous):
...
OpenStudy (anonymous):
244 cards
OpenStudy (anonymous):
i need to know how
OpenStudy (anonymous):
5/4=1.24 and 5/3=1.66
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OpenStudy (anonymous):
i know that
OpenStudy (anonymous):
1.66-1.25=.41
OpenStudy (anonymous):
i want a better solution
OpenStudy (anonymous):
100/.41=243.9
OpenStudy (anonymous):
round to 244
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OpenStudy (anonymous):
If you sold 3 3-packs, you would be even with 3 cards left over which you could sell for $5 and make a $5 profit. So, that would come from selling 12 cards (1 leftover from each of the 4-packs you bought) So, if you sell 12 and clear $5, you sell 240 and clear $100. Answer is 240. It's multiplying by 20.
OpenStudy (anonymous):
tcarroll is wrong
OpenStudy (anonymous):
...
OpenStudy (anonymous):
its not 3packs
OpenStudy (anonymous):
i understand him
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OpenStudy (anonymous):
but @tcarroll010 what do you mean by "clear"
OpenStudy (anonymous):
my answer right
OpenStudy (anonymous):
Answer is clearly 240. It comes out to 240 on the head.
OpenStudy (anonymous):
yea
OpenStudy (anonymous):
Clear is a slang business term for "clear profit". You covered your expenses.
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OpenStudy (anonymous):
Further explanation:
OpenStudy (anonymous):
oh ok
OpenStudy (anonymous):
i get it now @tcarroll010 Thanks alot!! :D
OpenStudy (anonymous):
When you buy 3 4-packs, you spend $15. When you sell 3 3-packs, you get $15. so you are back to even. But you have 3 cards left over to sell for profit or "gravy". You get that $5 profit when you sell that 4th 3-pack. Selling 12 cards.