You are buying sweets in large packets of R100 for R10,45 per packet.you are selling to your friends for 30c per sweet. During the first break you manage to sell 75 sweets. I made a profit or loss
To determine whether you made a profit or loss, we need to compare the cost of buying the sweets to the amount earned from selling them.
Cost of buying sweets:
10,45 R per packet
75 packets sold
Total cost = 10,45 R/packet * 75 packets = 783,75 R
Amount earned from selling sweets:
30c per sweet
75 sweets sold
Total earnings = 0,30 R/sweet * 75 sweets = 22,50 R
To calculate the profit or loss:
Profit/Loss = Total Earnings - Total Cost
Profit/Loss = 22,50 R - 783,75 R = -761,25 R
Since the value is negative, you made a loss of 761,25 R.