Question

(ii)
Amanda sold 6 of the 12 stickers which she had bought at 75 cents each, and
the remaining stickers at 40 cents each.
Show, using calculations, whether Amanda made a profit or loss on buying and
selling stickers.

Answer 1

Answer:

lost profit

Step-by-step explanation:

12 -6=6 (40 each)

she earned 240 and will get another 240= 480

she lost profit on buy stickers

Answer 2

Amanda made a loss of 210 cents on buying and selling stickers.

What is profit and loss?

Profit and Loss depend upon the cost price and selling price of the item. The profit or gain is equal to the selling price minus cost price. Loss is equal to cost price minus selling price.

For the given situation,

Number of stickers = 12

Cost price for each sticker = 75 cents

Total cost price for stickers = $(12)(75)$

⇒ $900$ cents

Selling price for first 6 stickers = 75 cents each

⇒ $(6)(75)$

⇒ $450$

Selling price for remaining 6 stickers = 40 cents each

⇒ $(6)(40)$

⇒ $240$

Total selling price = $450+240$

⇒ $690$ cents

Cost price > selling price

Thus, loss = cost price - selling price

⇒ $900-690$

⇒ $210$

Hence we can conclude that Amanda made a loss of 210 cents on buying and selling stickers.

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