Solutions

Question

A grocery store purchased crates of 40 oranges each for $5.00 per crate and then sold each orange for $0.20. What was the store’s gross profit on each crate of oranges?

 

Difficulty Level

Easy

Solution

Option A is the right answer.

Option Analysis

40 oranges for $5, which makes each orange cost $0.125 (5/40).

Then the store sold each orange for $0.2, so the profits for each orange is 0.2-0.125 = $0.075.

Because there are 40 oranges

40 X 0.075 = $3.

So, the answer is A.