A watch store owner decided to offer 20% discount for a particular brand of
watch that sells at P35,000.00. By doing so, his average sales increased from 5
watches to 12 watches a day. If he bought one watch at a price of P22,000.00
from the supplier, by how much was his daily profit increased or decreased by
offering such discount on the watch?
Pasagot pls
watch that sells at P35,000.00. By doing so, his average sales increased from 5
watches to 12 watches a day. If he bought one watch at a price of P22,000.00
from the supplier, by how much was his daily profit increased or decreased by
offering such discount on the watch?
Pasagot pls
Answers & Comments
Answer:
To solve the problem, we can use the following steps:
1. Calculate the new price of the watch after the 20% discount:
New price = 35,000 - 0.20 x 35,000 = 28,000
2. Calculate the total cost of buying 12 watches at P22,000 each:
Total cost = 12 x 22,000 = 264,000
3. Calculate the revenue from selling 12 watches at the discounted price:
Revenue = 12 x 28,000 = 336,000
4. Calculate the daily profit before offering the discount:
Profit = Revenue - Cost = 5 x 35,000 - 5 x 22,000 = 65,000
5. Calculate the daily profit after offering the discount:
Profit = Revenue - Cost = 12 x 28,000 - 12 x 22,000 = 96,000
6. Calculate the difference in daily profit:
Difference = 96,000 - 65,000 = 31,000
Therefore, by offering a 20% discount on the watch, the store owner's daily profit increased by P31,000.
anwer:
the store owner's daily profit increased by P31,000.
Step-by-step explanation:
I hope it help
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