Question

SOMEONE PLEASE ANSWER AND I WILL GIVE BRAINLIEST :))

A company makes poppy lapel pins. Each of them costs £1.10 to make. In October, it made 1000 lapel pins. 35% were given to charities. The rest are sold in two formats: 60% of them at £3.00 each,

40% of them at £500 for 2.

Assuming that all the lapel pins will be sold by the end of November, work out the percentage profit the company should make. Give your answer to 1 decimal place.


PLEASE ANSWER!!! :)

Answer 1

65.5% for sure . No thanks needed

Answer 2

The percentage profit made by the company rounded to 1 decimal place is 65.4%

• Total number of pins made = 1000

• Amount made for charity = 35% × 1000 = 350

• Total amount sold = 1000 - 350 = 650 pins

Amount of pins sold at £3.00 :

• 60% × 650 = 390 pins
• Total amount made = 390 × £3 = £1170

Amount of pins sold at £2.50 :

• 40% × 650 = 260 pins
• Total amount made = 260 × £2.50= £650

Total amount made = £1170 + £650 = £1820

Total production cost :

• 1000 × £1.10 = £1100

Total profit made :

• £1820 - £1100 = £720

Percentage profit :

(Total profit ÷ production cost) × 100%

(£720 ÷ £1100) × 100% = 0.6545%

The percentage profit made is 65.5%

Learn more : https://brainly.com/question/8283882