Question
What is the profit Linda makes from selling 20 pairs of jeans at $80 each and how does it compare to the number of jeans sold when they are on sale for $40?
Answers
GPT-4o mini
To calculate the profit Linda makes from selling 20 pairs of jeans at $80 each, we first determine the total revenue from these sales.
**Step 1: Calculate the total revenue.**
- Price per pair of jeans = $80
- Number of pairs of jeans = 20
- Total Revenue = Price per pair × Number of pairs = $80 × 20 = $1600
Now if we consider selling the jeans at a sale price of $40 each, we can analyze how this affects the number of jeans sold:
**Step 2: Calculate the total revenue when sold at $40 each.**
For comparison, let’s assume Linda sold the same number of jeans (20 pairs):
- Sale price per pair = $40
- Total Revenue at $40 = $40 × 20 = $800
In this scenario, Linda would earn $800 if she sold 20 pairs at the sale price.
**Step 3: Compare the revenues.**
- Total Revenue at $80 = $1600
- Total Revenue at $40 = $800
If Linda sells jeans at $40 each, she earns less per pair than at $80, leading to a potential increase in the quantity sold, but since we weren’t given a specific number of jeans sold at the $40 price point, we can’t calculate an exact comparison of jeans sold.
If we assume that the sale price attracts more customers, Linda could sell more than 20 pairs, but without specific data on demand elasticity or estimated sales volume at the sale price, we cannot definitively conclude how it compares quantitatively to the 20 pairs sold at the higher price.
In summary, selling jeans at $80 gives Linda a total revenue of $1600, while selling them at $40 results in $800, but the exact impact on the number sold at the lower price remains ambiguous without additional information on demand.
**Step 1: Calculate the total revenue.**
- Price per pair of jeans = $80
- Number of pairs of jeans = 20
- Total Revenue = Price per pair × Number of pairs = $80 × 20 = $1600
Now if we consider selling the jeans at a sale price of $40 each, we can analyze how this affects the number of jeans sold:
**Step 2: Calculate the total revenue when sold at $40 each.**
For comparison, let’s assume Linda sold the same number of jeans (20 pairs):
- Sale price per pair = $40
- Total Revenue at $40 = $40 × 20 = $800
In this scenario, Linda would earn $800 if she sold 20 pairs at the sale price.
**Step 3: Compare the revenues.**
- Total Revenue at $80 = $1600
- Total Revenue at $40 = $800
If Linda sells jeans at $40 each, she earns less per pair than at $80, leading to a potential increase in the quantity sold, but since we weren’t given a specific number of jeans sold at the $40 price point, we can’t calculate an exact comparison of jeans sold.
If we assume that the sale price attracts more customers, Linda could sell more than 20 pairs, but without specific data on demand elasticity or estimated sales volume at the sale price, we cannot definitively conclude how it compares quantitatively to the 20 pairs sold at the higher price.
In summary, selling jeans at $80 gives Linda a total revenue of $1600, while selling them at $40 results in $800, but the exact impact on the number sold at the lower price remains ambiguous without additional information on demand.