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A grocery store purchased crates of 40 oranges each for $5.00 per crate and then sold each orange for $0.20. What was

Expert replies
by BTGmoderatorDC » Sat Sep 05, 2020 12:07 am

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A grocery store purchased crates of 40 oranges each for $5.00 per crate and then sold each orange for $0.20. What was the store's gross profit on each crate of oranges?

(A) $3.00
(B) $6.00
(C) $8.00
(D) $10.00
(E) $13.00


OA A

Source: GMAT Prep
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Source: — Problem Solving |

For each crate, the grocery store would make $.2*40=$8. Each crate was purchased at $5, so the profit per crate would be the difference: $8-$5=$3 -> A
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