Question
jackets cost the retailer $75 a piece to purchase wholesale. if he has five to sell and doesn't sell them until 30 days have gone by, how much money does he lose? remember a loss is shown with a negative rational number.
Answers
GPT-4o mini
To calculate the total loss Jack incurs from not selling the jackets, we can follow these steps:
1. Determine the total cost of the jackets:
- Cost per jacket = $75
- Number of jackets = 5
- Total cost = 5 jackets × $75/jacket = $375
2. Since Jack doesn't sell any jackets after 30 days, he doesn't earn any money from the sales. Therefore, his total loss will be equal to the total cost of the jackets.
3. The total loss is:
\(-375\)
So, Jack loses \(-375\) dollars.
1. Determine the total cost of the jackets:
- Cost per jacket = $75
- Number of jackets = 5
- Total cost = 5 jackets × $75/jacket = $375
2. Since Jack doesn't sell any jackets after 30 days, he doesn't earn any money from the sales. Therefore, his total loss will be equal to the total cost of the jackets.
3. The total loss is:
\(-375\)
So, Jack loses \(-375\) dollars.