The school shop sells a pack of exercise books and stationary for R60 each , it cost the shop R44 to buy the pack . In one month the shop sell 178 packs . How much profit does the school make?
The profit made on each pack can be calculated by subtracting the cost price from the selling price:
Profit per pack = Selling price - Cost price
Profit per pack = R60 - R44
Profit per pack = R16
Total profit made by selling 178 packs can be calculated by multiplying the profit per pack by the total number of packs sold:
Total profit = Profit per pack x Number of packs sold
Total profit = R16 x 178
Total profit = R2,848
Therefore, the school shop makes a profit of R2,848 by selling 178 packs of exercise books and stationary.