Question says that Wong’s Garage buys quarts of motor oil by the gross (144 units) for $0.75 per quart.
That means cost of 1 quart motor oil = $0.75
Now it says that Wong’s changes the oil in customers’ cars and marks up the oil 175% of the cost.
So that means selling price of the 1 quart of the motor oil
= 175% of original price
= 175% of 0.75
= 1.75* 0.75
= 1.3125
Which is approx $1.31
Hence final answer is $1.31
He needs at least 2 gallons of the stain; though he will not use all of the second gallon
case 1,
Let the CP be ₹x,
SP = ₹2400
Profit = SP – CP
= 2400 – x
Profit % = {(2400–x)/ x} × 100%
According to the question,
{(2400–x)/ x} × 100 = 25
=> (2400–x)/ x= 25 /100
=> 100(2400–x) = 25x [ cross multiplication]
=> 240000 – 100x = 25x
=> 240000 = 25x + 100x
=> 240000 = 125x
=> 240000/125 = x
=> x = 1920
So, CP = ₹1920
case 2,
SP = ₹2040
Profit = SP – CP
= 2040 – 1920
= ₹120
profit % = 120/1920 × 100%
= 16%
<h3>Thus, his profit would be 16% if he had sold his goods for ₹2040.</h3>
Answer:
The Answer is B) Hope it helps!
Step-by-step explanation:
