Answered

A salesman bought 2 dozen television sets at $300 each. He sold two-thirds of them at
a 25% profit but was forced to take a 30 % loss on the rest. What was his total profit (or
loss) on the television sets?



Answer :

Well, the first 16 were about 16*75=$1200 extra. The last 8 were $720 lost. Thus, the total profit is $480. He bought them with $7200, which means the profit is around 6.67%.

Answer: A salesman bought 2 dozen television sets at $300 each. He sold two-thirds of them at a 25% profit but was forced to take a 30% loss on the rest. what was his total profit(or loss) on the television sets?

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Original cost 24*300 = 7200

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Profit: 0.25*(2/3)24*300 = 1200

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Loss: 0.3*(1/3)24*300 = 720

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Total profit = 1200-720 = $480

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