Question

Bill buys and sells laptops. Last month Bill bought 50 laptops. He paid £400 for each laptop. He sold 40 of these laptops at a profit of 30% on each laptop and 10 of these laptops at a profit of 15% on each laptop. Bill's target last month was to sell all 50 laptops for a total of at least £25 000. Did Bill reach this target?

Answer 1

Answer:

Yes, in fact Bill exceeded his target by £2,200.

Step-by-step explanation:

Cost of the laptops = 50 x 400

= 20,000

Sold 40 at 30% profit

(40 x 400) x 1.30

= 20,800

Sold 10 at 15% profit

(15 x 400) x 1.15

= 6900

Total sales value

= 20800 + 6900 = 27,700