Profit and Loss Analysis

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Questions and Answers

Aunt Li's clothing store bought a batch of clothes for 2000 yuan. She first sold 28 pieces at 49 yuan each. The remaining clothes were sold at a reduced price, totaling 900 yuan. Did Aunt Li's clothing store make a profit or a loss after selling this batch of clothes?

Profit (made 272 yuan)

Flashcards

Original Sales

Cost calculation of the clothes sold originally.

Discounted Sales

Cost calculation of the clothes sold after the price reduction.

Total Revenue

Calculate the total revenue from selling all clothes.

Profit or Loss

Determine if there was a profit or loss.

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Study Notes

  • The question involves determining whether Li Auntie's clothing store made a profit or loss after selling a batch of clothes.
  • Initially, the store spent 2000 yuan to purchase the batch of clothes.
  • 28 items were sold at 49 yuan each.
  • The remaining clothes were sold at a reduced price, generating 900 yuan.

Calculation and Analysis

  • The total revenue from selling 28 items at 49 yuan each is 28 * 49 = 1372 yuan.
  • Adding the revenue from the reduced-price sales, the total revenue is 1372 + 900 = 2272 yuan.
  • Comparing the total revenue to the initial cost: 2272 yuan (revenue) > 2000 yuan (cost).
  • The store made a profit of 2272 - 2000 = 272 yuan.

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