A stall buys scarves and sells them.
Cost per scarf (GBP)Selling price (GBP)Scarves sold
404830
What is the total profit in pounds?

Answer and explanation

Correct answer: B. GBP 240

  1. Step 1: Profit per scarf = 48 - 40 = 8 pounds. Step 2. Total profit = 8 x 30 = 240 pounds. Answer: GBP 240. Why not the others: GBP 1,440 is the total revenue, before the cost is subtracted; GBP 8 is the profit on a single scarf; GBP 1,200 is the total cost of the scarves.

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