A storeowner buys a certain number of goods from supplier A at \(\$6\) as a unit price and sell at \(\$12\) as a unit price. The storeowner bears all other costs at \(\$4,000\) in total. Suppose the owner manages to sell all the goods and earns a profit of \(20\%\) on the total cost.
Another supplier B offers a lower unit price at \(\$4\) to the storeowner. The storeowner buys a new number of such goods from supplier B and sell at the unit price \(\$12\). But this time the storeowner only sells \(45\%\) of the goods and made a loss of \(10\%\) on the total cost. Suppose all other costs are also \(\$4,000\) in total.
Video solution locked
Sign in to view the step-by-step solution
Need help? Join our JC Math tuition classes.
Learn more