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4 December, 03:30

Bill buys and sells laptops. Last month Bill bought 50 laptops. He paid £400 for each laptop. He sold 40 of these laptops at a profit of 30% on each laptop and 10 of these laptops at a profit of 15% on each laptop. Bill's target last month was to sell all 50 laptops for a total of at least £25 000. Did Bill reach this target?

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  1. 4 December, 05:38
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    Yes, in fact Bill exceeded his target by £2,200.

    Step-by-step explanation:

    Cost of the laptops = 50 x 400

    = 20,000

    Sold 40 at 30% profit

    (40 x 400) x 1.30

    = 20,800

    Sold 10 at 15% profit

    (15 x 400) x 1.15

    = 6900

    Total sales value

    = 20800 + 6900 = 27,700
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