My question is: A vendor bought apples at 2 for $3 and plans to sell them at 5 for $10. He also bought 3 oranges for $2.70 and plans to sell them at $1 each. How much is his profit if he sells 5 apples and 5 oranges? Your thoughts:
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A vendor bought each apple for $3 / 2 = $1.50. He will sell each apple at $10 / 5 = $2 each. His profit for each apple is $2 - $1.50 = $0.50. His total profit for 5 apples is $0.50 x 5 = $2.50. He bought each orange for $2.70 / 3 = $0.90. His profit for each orange is $1 - $0.90 = $0.10. His total profit for 5 oranges is $0.10 x 5 = $0.50. Therefore, his total profit for selling 5 apples and 5 oranges is $2.50 + $0.50 = $3. The final answer: 3.
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