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A man bought 80 apples for $32. He found that 25% of the apples were bruised and he sold the good ones at $0.60 each. Did the man make a profit or loss?

Question

A man bought 80 apples for 32.Hefoundthat2532. He found that 25% of the apples were bruised and he sold the good ones at 0.60 each. Did the man make a profit or loss?

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Solution

First, let's determine the number of bruised apples. Since 25% of the apples were bruised:

25% of 80=0.25×80=20 apples 25\% \text{ of } 80 = 0.25 \times 80 = 20 \text{ apples}

So, the number of good apples is:

8020=60 apples 80 - 20 = 60 \text{ apples}

Next, let's calculate the revenue from selling the good apples. Each good apple is sold at $0.60:

60 apples×$0.60 per apple=$36 60 \text{ apples} \times \$0.60 \text{ per apple} = \$36

Now, let's determine the cost of the apples. The man bought 80 apples for $32:

Cost=$32 \text{Cost} = \$32

Finally, let's calculate the profit or loss. The profit or loss is the difference between the revenue and the cost:

Profit or Loss=RevenueCost=$36$32=$4 \text{Profit or Loss} = \text{Revenue} - \text{Cost} = \$36 - \$32 = \$4

Since the result is positive, the man made a profit of $4.

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