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Mr. Parker buys boots for R 85 per pair and sells them for
R136 per pair.
1 How much profit does he make for every pair sold.
2 If he doesn't manage to sell all the boots and sells the remaining six pairs on sale at
R78 per pair, calculate his loss on the last six pairs sold.

Verified Answer :

GinnyAnswer

Sure, let's break down the solution step-by-step.

1. How much profit does Mr. Parker make for every pair sold?

To find the profit made on each pair of boots sold at the regular price, we subtract the cost price from the selling price.

- Cost price per pair: R85
- Selling price per pair: R136

Profit per pair = Selling price per pair - Cost price per pair

Profit per pair = R136 - R85 = R51

So, Mr. Parker makes a profit of R51 for every pair of boots sold at the regular price.

2. If he doesn't manage to sell all the boots and sells the remaining six pairs on sale at R78 per pair, calculate his loss on the last six pairs sold.

First, we need to determine the loss per pair when sold at the sale price.

- Sale price per pair: R78
- Cost price per pair: R85

Loss per pair = Cost price per pair - Sale price per pair

Loss per pair = R85 - R78 = R7

Since he sells 6 pairs at the sale price:

Total loss = Loss per pair Number of pairs sold at the sale price

Total loss = R7 6 = R42

Therefore, Mr. Parker incurs a loss of R42 on the last six pairs sold at the sale price.

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