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Difference between revisions of "2005 AMC 12B Problems/Problem 1"

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{{duplicate|[[2005 AMC 12B Problems|2005 AMC 12B #1]] and [[2005 AMC 10B Problems/Problem 1|2005 AMC 10B #1]]}}
 
== Problem ==
 
== Problem ==
 
A scout troop buys <math>1000</math> candy bars at a price of five for <math>2</math> dollars. They sell all the candy bars at the price of two for <math>1</math> dollar.  What was their profit, in dollars?
 
A scout troop buys <math>1000</math> candy bars at a price of five for <math>2</math> dollars. They sell all the candy bars at the price of two for <math>1</math> dollar.  What was their profit, in dollars?
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<cmath>
 
<cmath>
 
\begin{align*}
 
\begin{align*}
−
\mbox{Cash out} &= 1000 \cdot \frac25 = 400 \\
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\mbox{Expenses} &= 1000 \cdot \frac25 = 400 \\
−
\mbox{Cash in}  &= 1000 \cdot \frac12 = 500 \\
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\mbox{Revenue}  &= 1000 \cdot \frac12 = 500 \\
−
\mbox{Profit}  &= \mbox{Cash out} - \mbox{Cash in} = 500-400 = \boxed{100}.
+
\mbox{Profit}  &= \mbox{Revenue} - \mbox{Expenses} = 500-400 = \boxed{(A) \,100}.
 
\end{align*}
 
\end{align*}
 
</cmath>
 
</cmath>
  
 
== See also ==
 
== See also ==
−
* [[2005 AMC 12B Problems]]
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{{AMC10 box|year=2005|ab=A|before=First question|num-a=2}}
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{{AMC12 box|year=2005|ab=A|before=First question|num-a=2}}

Revision as of 16:02, 28 June 2011

The following problem is from both the 2005 AMC 12B #1 and 2005 AMC 10B #1, so both problems redirect to this page.

Problem

A scout troop buys $1000$ candy bars at a price of five for $2$ dollars. They sell all the candy bars at the price of two for $1$ dollar. What was their profit, in dollars?

$\mathrm{(A)}\ 100 \qquad \mathrm{(B)}\ 200 \qquad \mathrm{(C)}\ 300 \qquad \mathrm{(D)}\ 400 \qquad \mathrm{(E)}\ 500$

Solution

\begin{align*} \mbox{Expenses} &= 1000 \cdot \frac25 = 400 \\ \mbox{Revenue} &= 1000 \cdot \frac12 = 500 \\ \mbox{Profit} &= \mbox{Revenue} - \mbox{Expenses} = 500-400 = \boxed{(A) \,100}. \end{align*}

See also

2005 AMC 10A (Problems • Answer Key • Resources)
Preceded by
First question 		Followed by
Problem 2
1 • 2 • 3 • 4 • 5 • 6 • 7 • 8 • 9 • 10 • 11 • 12 • 13 • 14 • 15 • 16 • 17 • 18 • 19 • 20 • 21 • 22 • 23 • 24 • 25
All AMC 10 Problems and Solutions
2005 AMC 12A (Problems • Answer Key • Resources)
Preceded by
First question 		Followed by
Problem 2
1 • 2 • 3 • 4 • 5 • 6 • 7 • 8 • 9 • 10 • 11 • 12 • 13 • 14 • 15 • 16 • 17 • 18 • 19 • 20 • 21 • 22 • 23 • 24 • 25
All AMC 12 Problems and Solutions
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