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Sagot :
The shop will save $0.03 per pound or $3.00 for 100 pounds.
What is Profit and loss?
An income statement, also known as a profit and loss account, is one of a company's financial statements and displays the company's receipts and outlays for a specific time period. It details the conversion of revenues into net income or net profit.
How do you calculate profit and loss?
Profit percent = Profit/Cost Price 100 is the formula to determine the profit percentage. Loss percent = Loss/Cost Price 100 is the formula to determine loss percentage.
According to the given information:
Mixture 1
$0.66 + $0.24 = $0.90 for 3 pounds or $0.30/pound
Mixture 2
$0.33 + $0.48 = $0.81 for 3 pounds or $0.27/pound
The shop will save $0.03 per pound or $3.00 for 100 pounds.
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