A toy shop is selling 10 toy trains for £150 each.If the shop bought the toy trains from the supplier for a total of £670, how much profit will the shop make?
Question
A toy shop is selling 10 toy trains for £150 each.If the shop bought the toy trains from the supplier for a total of £670, how much profit will the shop make?
Solution
Step 1: Calculate the total selling price of the toy trains.
The shop is selling each toy train for £150 and there are 10 toy trains. So, the total selling price is 150 * 10 = £1500.
Step 2: Subtract the cost price from the selling price to find the profit.
The shop bought the toy trains for a total of £670. So, the profit is 1500 - 670 = £830.
So, the shop will make a profit of £830.
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