Question

A company makes Poppy Lapel Pins.
Each of them costs £1.10 to make.
In October it made 1000 lapel pins.
35% of them are given to charities.
The rest are sold in two formats: 60% of them at £3.00 each
40% of them at £5.00 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.

Answer 1

Answer:

1000 less 35% == 650

so 250 given to charity

total cost making the pins was 1000x 1.10 = 1100

so you need to find 60 percent of 650 =390

and 40 percent of 650 = 260

so then you need to find the cost 390 x 3 pounds each so × this and gives you 1170 cost sold for intotal

Then you have 260 ÷2 = 130 x 5 = 650

so you have 650+1170 = 1820 - 1100 cost to make =720 pounds

think this right