Question

the manager of an art supply store decides to hold a buy 2 get 1 free sale on tubes of watercolor paints.

Answer 1

The total amount lost by the company is the product of the number of tubes given away and the cost per tube, which is $1015

Given the Parameters :

• Cost per tube = $7.25
• Total number of tubes sold = 280

The number of free tubes given away can be calculated thus :

• Total number of tubes sold / 2

• 280 / 2 = 140

Total Number of tubes given away = 140 tubes of paint

Total amount lost = Cost per tube × number given away

• Total amount lost = $7.25 × 140 = $1015

Therefore, the total amount lost during the giveaway is $1015

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