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#mathematics
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#personal-finance
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Therese bought 10 bags of buai at K400 each. She paid K2 000 for vehicle hire, and spent K1 000 on other expenses. She sold 8 bags at K900 each and 2 bags at K700 each. What would be her profit or...?
Therese bought 10 bags of buai at K400 each. She paid K2 000 for vehicle hire, and spent K1 000 on other expenses. She sold 8 bags at K900 each and 2 bags at K700 each. What would be her profit or...?
To calculate Therese's profit or loss, we need to first calculate her total expenses and total revenue.
Total expenses: Cost of 10 bags of buai = 10 bags x K400 = K4,000 Vehicle hire = K2,000 Other expenses = K1,000 Total expenses = K4,000 + K2,000 + K1,000 = K7,000
Total revenue: Revenue from selling 8 bags at K900 each = 8 bags x K900 = K7,200 Revenue from selling 2 bags at K700 each = 2 bags x K700 = K1,400 Total revenue = K7,200 + K1,400 = K8,600
Profit or loss: Profit = Total revenue - Total expenses Profit = K8,600 - K7,000 Profit = K1,600
Therese's profit from selling the buai would be K1,600.
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Google Gemini AI
more than 3 weeks ago
Calculating Total Costs:
- Buai cost: 10 bags x K400/bag = K4,000 - Vehicle hire: K2,000 - Other expenses: K1,000 - Total cost: K4,000 + K2,000 + K1,000 = K7,000
Calculating Sales Revenue:
- 8 bags sold at K900/bag: 8 x K900 = K7,200 - 2 bags sold at K700/bag: 2 x K700 = K1,400 - Total sales revenue: K7,200 + K1,400 = K8,600