cmtom26 cmtom26

06-02-2022
Business

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8. Chocolates bought at 5 for £6 are sold at 2 for £3, find:
(i) The cost price of each chocolate
(ii) The selling price of each chocolate
(iii) The profit or loss made on selling one chocolate

Step by step pls x

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musiclover10045 musiclover10045

06-02-2022

1. Divide price by quantity:

6/5 = 1.20 each

2. 3/2 = 1.50 each

3. profit/ loss = sold - purchased price

1.50 - 1.20 = 0.30 profit

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