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Lamps which cost $120 wholesale are sold for $192, at a profit of $6 per lamp. How many lamps were in the shipment?

Question

Lamps which cost 120wholesalearesoldfor120 wholesale are sold for 192, at a profit of $6 per lamp. How many lamps were in the shipment?

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Solution

Step 1: Determine the profit made from selling one lamp. The lamp is sold for 192andcosts192 and costs 120 wholesale, so the profit per lamp is 192192 - 120 = $72.

Step 2: Determine the total profit made from the shipment. Each lamp makes a profit of 6,sothetotalprofitis6, so the total profit is 72 / $6 = 12 lamps.

Therefore, there were 12 lamps in the shipment.

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