Basma buys 600 golf tees for 32p each.She sells 12 of the tees for 33p each.She sells 33.5% of the tees for 31p each.She sells the rest of the tees for 30p each.Calculate her percentage loss.
Question
Basma buys 600 golf tees for 32p each.She sells 12 of the tees for 33p each.She sells 33.5% of the tees for 31p each.She sells the rest of the tees for 30p each.Calculate her percentage loss.
Solution
Step 1: Calculate the total cost of the golf tees Basma bought.
Basma bought 600 golf tees for 32p each. So, the total cost is 600 tees * 32p = 19200p.
Step 2: Calculate how much Basma earned from selling the golf tees.
She sold 12 tees for 33p each, so she earned 12 tees * 33p = 396p from these.
She sold 33.5% of the tees for 31p each. 33.5% of 600 tees is 201 tees (rounded to the nearest whole number). So, she earned 201 tees * 31p = 6231p from these.
The rest of the tees, which is 600 tees - 12 tees - 201 tees = 387 tees, were sold for 30p each. So, she earned 387 tees * 30p = 11610p from these.
So, the total amount she earned from selling the tees is 396p + 6231p + 11610p = 18237p.
Step 3: Calculate Basma's loss.
Her loss is the total cost of the tees minus the total amount she earned from selling them, which is 19200p - 18237p = 963p.
Step 4: Calculate the percentage loss.
The percentage loss is the loss divided by the total cost, times 100%, which is (963p / 19200p) * 100% = 5.01%.
So, Basma's percentage loss is approximately 5.01%.
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