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Quantitative - Mathematics - Word Problems:

Profit and Loss

MCQ - 413-13180

Question:

During the first week of September, a shoe retailer sold 10 pairs of a certain style of oxfords at $35.00 a pair; if, during the second week of September, 15 pairs were sold at the sale price of $27.50 a pair, by what about did the revenue from weekly sales of these oxfords increase during the second week?

  1. $62.50
  2. $75.00
  3. $112.50
  4. $75.00
  5. $175.00

Correct Answer: A

Explanation:

During the first week of September, a shoe retailer sold 10 pairs of a certain style of oxfords at $35.00 a pair; if, during the second week of September, 15 pairs were sold at the sale price of $27.50 a pair, by what about did the revenue from weekly sales of these oxfords increase during the second week?

First week revenue = 10 × 35 = 350

Second week revenue = 15 × 27.5 = 412.50

Revenue increase = 412.5 - 350 = 62.50

Record Performance

1297 MCQ for effective preparation of the test of Profit and Loss of Word Problems section.

Read the MCQ statement: During the first week of September, a shoe retailer sold 10 pairs of a certain style of oxfords at $35.00 a pair; if, during the second week of Sept .... the second week? , keenly and apply the method you have learn through the video lessons for Profit and Loss to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 413-13180.

How to Answer

Solve the question for MCQ No. and decide which option (A through D/E) is the best choice to answer the MCQ, then click/tap the blue button to view the correct answer and it explanation.

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