this question is worth 3 credits. liam makes and sells handmade blankets. he buys 18 yards of fabric at a…

this question is worth 3 credits. liam makes and sells handmade blankets. he buys 18 yards of fabric at a rate of $6.75 per yard. liam uses 1.5 yards of fabric to make each blanket, and uses all of the fabric. liam sells each blanket for $18.75. what is the profit liam makes after buying the fabric and selling all the blankets? show your work.

this question is worth 3 credits. liam makes and sells handmade blankets. he buys 18 yards of fabric at a rate of $6.75 per yard. liam uses 1.5 yards of fabric to make each blanket, and uses all of the fabric. liam sells each blanket for $18.75. what is the profit liam makes after buying the fabric and selling all the blankets? show your work.

Answer

Answer:

$108$

Explanation:

Step1: Calculate number of blankets

$18\div1.5 = 12$

Step2: Calculate total selling - price

$12\times18.75=225$

Step3: Calculate total cost

$18\times6.75 = 121.5$

Step4: Calculate profit

$225 - 121.5=103.5$