A shop owner bought some shovels for $5,500. the shovels were sold for $7,300, with a profit of $50 per shovels. How many shovels were involved?
Mathematics · College · Sun Jan 24 2021
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Answered on
Given the statement:
A shop owner bought some shovels for $5,500. the shovels were sold for $7,300, with a profit of $50 per shovels.
Determine the number of shovels.
Solution:
In order to determine the number of shovels, we simply subtract 7300 by 5500 and then divide the difference by 50.
= $7,300 - $5,500
= $1800
=$1800/$50
= 36
Final answer:
36 shovels were sold.