Amanda sold 6 of the 12 stickers she bought at 0.49 cents each for 0.75 cents each and the reamining stickers at 40 cents each.Did amanda make a profit or loss selling stickers??
6 stickers were sold for 0.26 cents more which is = $1.56
6 stickers were sold for 40 cents less which is =0.54
Therefore Amanda made a loss on buying and selling stickers since she spent $5.88 on 12 stickers and made $2.10, am i right???
12 * .49 = 5.88 (Investment)
(6 * .75) + (6 * .40) = 4.50 + 2.40 = 6.90 (Earnings)
6.90 - 5.88 = Profit
I hope this helps. Thanks for asking.
This was an easy way to understand the prpblem ,the steps were very clear
To determine if Amanda made a profit or loss, we need to calculate the total cost and total revenue.
The cost of the 6 stickers she sold for 0.75 cents each is:
6 stickers * $0.49/sticker = $2.94
The cost of the remaining stickers she sold for 40 cents each is:
6 stickers * $0.49/sticker = $2.94
So the total cost is:
$2.94 + $2.94 = $5.88
The revenue from selling the 6 stickers for 0.75 cents each is:
6 stickers * $0.75/sticker = $4.50
The revenue from selling the remaining stickers for 40 cents each is:
6 stickers * $0.40/sticker = $2.40
So the total revenue is:
$4.50 + $2.40 = $6.90
To determine if Amanda made a profit or loss, we need to subtract the total cost from the total revenue:
Total revenue - Total cost = $6.90 - $5.88 = $1.02
Since the result is positive ($1.02), Amanda made a profit of $1.02 selling the stickers.
To determine whether Amanda made a profit or loss, let's calculate her total cost and total revenue from selling the stickers.
Amanda bought 12 stickers at 0.49 cents each, so her total cost is:
Total Cost = 12 stickers * $0.49/sticker = $5.88
Amanda sold 6 stickers for 0.75 cents each, making a profit of 0.26 cents per sticker. So, her revenue from selling these 6 stickers is:
Revenue from 6 stickers = 6 stickers * $0.26/sticker = $1.56
Amanda also sold the remaining stickers at 40 cents each, so her revenue from these stickers is:
Revenue from remaining stickers = (12 stickers - 6 stickers) * $0.40/sticker = $2.40
Total Revenue = Revenue from 6 stickers + Revenue from remaining stickers = $1.56 + $2.40 = $3.96
Now, let's compare Amanda's total cost and total revenue:
Total Cost = $5.88
Total Revenue = $3.96
Since the total cost is higher than the total revenue, Amanda made a loss selling the stickers.
Therefore, your analysis is correct. Amanda made a loss on buying and selling the stickers.