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7 February, 18:57

Brad sells ice cream and soft drinks at outdoor festivals. He buys soft drinks for 50 cents per can and ice cream bars for $75 per hundred. He marks up all items by 100 percent selling the drinks for $1.00 and ice cream bars for $1.50. One day he sold 100 cans of soft drinks and 90 ice cream bars. His expenses totaled $31.50. What was his net profit?

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  1. 7 February, 22:40
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    Net profit=$86

    Explanation:

    This can be expressed as;

    Net profit=Earnings-Total buying price-Expenses

    where;

    1. Earnings=Total earnings from Soft drinks sale+Total earnings from ice cream sale

    Total earnings from soft drinks sale = (100*1) = $100

    Total earnings from ice cream sale = (90*1.5) = $135

    Earnings=100+135=$235

    2. Total buying price=Total expense from buying of Soft drinks+Total expense from buying of ice cream

    Total expense from buying of Soft drinks = (0.5*100) = 50

    Total expense from buying of ice cream = (75/100) * 90=67.50

    Total buying price = (50+67.50) = $117.50

    3. Expenses=$31.50

    Replacing;

    Net profit=235-117.50-31.50=$86

    Net profit=$86
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