Question

2. Les Cash bought five radios at the local flea market at a cost of $50.00 each. He sold three of them making a 20% profit and the other two were sold at a 10% loss. How much did Les net from his sales?

Answer 1

5 radios = $50 each

so the whole radios cost 5 x 50 = $250

he sold three at a 20 % profit

so by way of ratio

100% = $150

120% = x

x = (120 x 150)/100

x =$180

he then sold the other two and made a 20% loss

so

100% = $100

90% = y

y = (100 x 90)/100

y =$90

so his net sales = 180 + 90 = $270