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Omar buys 250 paper clips for 40p each.He sells 710 of the clips for 47p each.He sells 10% of the clips for 42p each.He sells the rest of the clips for 37p each.Calculate his percentage profit.

Question

Omar buys 250 paper clips for 40p each.He sells 710 of the clips for 47p each.He sells 10% of the clips for 42p each.He sells the rest of the clips for 37p each.Calculate his percentage profit.

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Solution

Sure, let's break it down:

  1. First, calculate the total cost of the paper clips Omar bought. He bought 250 paper clips at 40p each, so the total cost is 250 * 40p = 10,000p.

  2. Next, calculate how much Omar earned from selling 710 paper clips at 47p each. This comes to 710 * 47p = 33,370p.

  3. Then, calculate how many paper clips Omar sold at 42p each. This is 10% of the total number of paper clips, so it's 10/100 * 250 = 25 paper clips. The total amount he earned from this is 25 * 42p = 1,050p.

  4. Now, calculate how many paper clips Omar has left. He started with 250, sold 710 and then another 25, so he has 250 - 710 - 25 = -485 paper clips left. This is not possible, so there seems to be a mistake in the question. Omar cannot sell more paper clips than he bought.

Please check the question again.

This problem has been solved

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