A health store buys nuts in 20-kilogram containers and repackages the nuts for resale. The store packages the nuts in 125-gram bags, costing $0.04 each, and sells them for $2.50 per bag. Find the profit on a 20-kilogram container of nuts costing $155.00.
A) $2.39
B) $238.60
C) $23.86
D) $2386.00
E) $0.24

Question

Quizplus · Accepted Answer

First, we need to find out how many 125-gram bags we can make from one 20-kilogram container:
20,000 grams (one container) ÷ 125 grams (per bag) = 160 bags

Next, we need to find out the total cost of the bags:
160 bags × $0.04 per bag = $6.40

Now we can find the profit:
Revenue = 160 bags × $2.50 per bag = $400
Profit = Revenue – Cost
Profit = $400 – $155 (cost of the nuts) – $6.40 (cost of the bags)
Profit = $238.60

Therefore, the best choice is B, which is $238.60 profit.

A Health Store Buys Nuts in 20-Kilogram Containers and Repackages