Word problem - business terms

K

kjones

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There is a printing company that uses paper that costs $6.50 per ream. There are 3 printing jobs, one requiring 4/5 of a ream, another requiring 1 3/8 reams and the last will use 3/4 of a ream.

You have 3 reams of paper on hand. Am I overstocked or understocked? How do I get started?

If I charge by each printing job on the basis of $30.00 per ream of paper used, help me calculate the cost, the rvenue and the profit or loss of today's jobs.

THANKS,

K
 
This is an arithmetic problem! Right?
How many reams of paper are used?
What is the cost?
What is the revenue?
What is the profit/loss?
 
Business terms - Profit - Revenue and Costs involved

Yes, pretty much. I'm in a business calculus class.

If I paid $6.50 per ream of paper, my cost is $19.50.

We charge $30.00 per ream of paper used. To figure profit will I calculate the profit at the amount of paper used - 2 37/40 reams? How?

K
 
23.5 * 117 / 40 = 68.7375 : profit is 68.73 or 68.74 depending on rounding...
 
Note: You do NOT make any profit on the left-over paper (that's your 3/40 of a ream). You only make a profit on the paper you USE for the jobs....and for which you are paid.

The three reams of paper you bought at $6.50 each cost you a total of $19.50. You "sold" 2 37/40 of those reams for $30 each. So, you received (2 37/40)*$30 for them. The difference between your receipts and your cost is your profit.
 
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