QuestionA store buys 17 sweaters for \$204 and sells them for \$646. Find the profit per sweater.

Studdy Solution

STEP 1

Assumptions1. The store buys17 sweaters for $204. The store sells the17 sweaters for$ 6463. Profit is calculated as the selling price minus the buying price4. The profit per sweater is the total profit divided by the number of sweaters

STEP 2

First, we need to find the total profit made by the store. We can do this by subtracting the buying price from the selling price.
$Profit = Selling\, price - Buying\, price$

STEP 3

Now, plug in the given values for the selling price and buying price to calculate the profit.
$Profit = \$646 - \$204$

STEP 4

Calculate the total profit made by the store.
$Profit = \$646 - \$204 = \$442$

STEP 5

Now that we have the total profit, we can find the profit per sweater. This is done by dividing the total profit by the number of sweaters.
$Profit\, per\, sweater = Total\, profit / Number\, of\, sweaters$

STEP 6

Plug in the values for the total profit and the number of sweaters to calculate the profit per sweater.
$Profit\, per\, sweater = \$442 /17$

STEP 7

Calculate the profit per sweater.
$Profit\, per\, sweater = \$442 /17 = \$26$ The store makes a profit of $26 per sweater.

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