Mandy finds out she can get a discount on corn on the cob if she buys in bulk. She can get 100 kilograms of corn on the cob for $160 from Matt, as long as she buys at least 100 kilograms. Of another
supplier, Robert, she can buy small amounts of corn cobs (100 or less) for $1 an cob or more
quantities (over 100) for $0.60 per cob. Mandy charges all of her clients by weight, so she
receives $5 per kilogram of corn cobs or $1.25 for an individual corn cob. If Mandy will sell more
100 kilograms of corn on the cob today, what is the best profit per corn cob she can make?
help this is on a selective school exam i had a question similar to this…
From Matt, he gets corn on the cob at $1.60 per kg ($160/100). It sells for $5/kg or $1.25/pc. Assuming she didn’t add even a little on the selling price per piece, her selling price tells us that there are 4 pieces of corn cobs in one kg ($5 /1.25 = 4). Thus, for $1.60/kg, its purchase price is equivalent to $0.40/pc ($1.60/4)
She can make the best profit if she buys by the kg (more than 100 kg) and resells it in pieces (retail).
Best profit = sell price per pc – buy price per piece
Best profit = $1.25 – $0.40 = $0.85
From Robert, it gets $0.60 if the quantity is over 100 kg and sells for $1.25.
Best profit = $1.25 – $0.60 = $0.65
Therefore, the answer is $0.85. ok sorry i don’t mean to be rude Hi Helper i really appreciate it but how would i know if she bought it from matt or robert