David buys a beanie baby. he later sells it to jessica and loses $3 on the deal. jessica makes a profit of $6 by selling it to bryan for $25. how much did david pay for the beanie baby?

Question

11-07-2022
Mathematics

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David buys a beanie baby. he later sells it to jessica and loses $3 on the deal. jessica makes a profit of $6 by selling it to bryan for $25. how much did david pay for the beanie baby?

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tushargupta0691 tushargupta0691 · Answer 1 · 2022-07-16T11:18:08+02:00

David paid $22 for the beanie baby.

Profit and loss formulas are used to calculate the profit or loss that has been incurred by selling a particular product. They are mainly used in business and financial transactions to depict how much profit or loss a trader has incurred from any particular deal.

Let the cost which David pay for the beanie baby be x and y be the price at which Jessica bought the beanie baby

Profit formula :

Profit = Selling price (S.P.) - Cost price (C.P.)

So using the profit formula

$6 = $25 - y

$19 = y

Now using the same equation for David

-$3 = $19 - x

$22 = x.

Thus David paid $22 for the beanie baby.

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