Math question for anyone, I will give full points for the first and CORRECT answer.?
Ms. Clark makes and sells purses for $14.00 each. It takes 9 skeins of yarn and a set of handles to make each purse. Normally, the yarn sells for $0.69 a skein and a set of handle cost $2.59. This week the craft shop had a sale and she bought the yarn at 3 skeins for $1.00 and handles for $1.99. If she sells these purses for $14.00 also, how much more profit will she make on each purse?
Normally:
9 x $0.69 = $6.21
1 x $2.59 = $2.59
So normal total production cost = $6.21 + $2.59 = $8.80
Therefore normal profit = $14.00 – $8.80 = $5.20
Sale:
9 skeins = 3 x $1 = $3
1 x $1.99 = $1.99
Sale total production cost = $3 + $1.99 = $4.99
Sale-bought components profit = $14.00 – $4.99 = $9.01
= $9.01 – $5.20 = $3.81 more profit.
Needles and Pins, Bolsover
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