a school sold $5 magnets for a 50% markup. they sold 120 magnets and spent $95 on supplies for the event. what was their total profit?

To find the total profit, we need to calculate the total revenue from selling magnets and subtract the cost of supplies.

First, let's calculate the total revenue from selling magnets. We know that the school sold 120 magnets at a price that includes a 50% markup.

To determine the selling price per magnet, we need to calculate the markup amount first. The markup amount is 50% of the cost price of $5, which is (50/100) * $5 = $2.50.

So, the selling price per magnet is $5 (cost price) + $2.50 (markup) = $7.50.

To calculate the total revenue from selling 120 magnets, we multiply the selling price per magnet ($7.50) by the number of magnets sold (120):

Total revenue = $7.50 * 120 = $900.

Now, let's calculate the total profit by subtracting the cost of supplies ($95) from the total revenue:

Total profit = Total revenue - Cost of supplies = $900 - $95 = $805.

Therefore, the school's total profit is $805.