Sean designs and sells patches. He orders his patches in a unit of 100 and is charged $1.25 per patch. If he turns around and sells all 100 patches for $12.00 each, what is his net profit?
Reason slowly and give your answer.
1075
He orders 100 patches and they cost $1.

25 each so the patches are 100 * 1.

25 = $125.

00.

He sells each of the 100 patches for $12.

00 each so he makes 100 * 12 = $1,200.

00.

He makes $1,200.

00 selling patches and spends $125.

00 to have them made so his net profit is 1200 - 125 = $1,075.

00.

.

The answer is 1075