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#mathematics
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#finance
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Therese bought 10 bags of buai at K400 each. She paid K2 000 for vehicle hire, and spent K1 000 on other expenses. She sold 8 bags at K900 each and 2 bags at K700 each. Calculate her total earning?
Therese bought 10 bags of buai at K400 each. She paid K2 000 for vehicle hire, and spent K1 000 on other expenses. She sold 8 bags at K900 each and 2 bags at K700 each. Calculate her total earning?
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May 27
Cost of 10 bags of buai = 10 bags x K400/bag = K4,000 Total expenses = K2,000 (vehicle hire) + K1,000 (other expenses) = K3,000
Total earning from selling 8 bags at K900 each = 8 bags x K900/bag = K7,200 Total earning from selling 2 bags at K700 each = 2 bags x K700/bag = K1,400
Total earning = K7,200 + K1,400 = K8,600
Net profit = Total earning - Total expenses Net profit = K8,600 - K3,000 = K5,600
Therese's total earning is K8,600 and her net profit is K5,600.