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An artisan purchased 450 mugs at a cost of 12 dollars each. The artisan sold 300 of the mugs during a weekend fair for 25 dollars each, and then sold 100 of the remaining mugs for 10 dollars each in an online sale. The rest were not sold. What was the artisan's gross profit on these mugs?

Explanation	Calculations	Help
$We calculate the total cost by translating the purchase statement using the cost formula.$	$Cost = 12 \times 450 = 5400$	Theory & Tactics Method Card TRANS3-B Click to view full details
$We calculate the revenue from mugs sold during the weekend fair by translating that sales statement.$	$Revenue_{1} = 25 \times 300 = 7500$	Theory & Tactics Method Card TRANS3-B Click to view full details
$We calculate the revenue from mugs sold in the online sale by translating that sales statement.$	$Revenue_{2} = 10 \times 100 = 1000$	Theory & Tactics Method Card TRANS3-B Click to view full details
$We add the two revenue streams to find total revenue.$	$Total Revenue = 7500 + 1000 = 8500$
$We calculate gross profit by applying the profit formula.$	$Profit = 8500 - 5400 = 3100$	Theory & Tactics Method Card TRANS3-A Click to view full details

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C

An artisan purchased 450 mugs at a cost of 12 dollars each. The artisan sold 300 of the mugs during a weekend fair for 25 dollars each, and then sold 100 of the remaining mugs for 10 dollars each in an online sale. The rest were not sold. What was the artisan's gross profit on these mugs?

Explanation	Calculations	Help
$We calculate the total cost by translating the purchase statement using the cost formula.$	$Cost = 12 \times 450 = 5400$	Theory & Tactics Method Card TRANS3-B Click to view full details
$We calculate the revenue from mugs sold during the weekend fair by translating that sales statement.$	$Revenue_{1} = 25 \times 300 = 7500$	Theory & Tactics Method Card TRANS3-B Click to view full details
$We calculate the revenue from mugs sold in the online sale by translating that sales statement.$	$Revenue_{2} = 10 \times 100 = 1000$	Theory & Tactics Method Card TRANS3-B Click to view full details
$We add the two revenue streams to find total revenue.$	$Total Revenue = 7500 + 1000 = 8500$
$We calculate gross profit by applying the profit formula.$	$Profit = 8500 - 5400 = 3100$	Theory & Tactics Method Card TRANS3-A Click to view full details

Scroll horizontally to view all columns

C