2005 AMC 12B Problems/Problem 1

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

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

2005 AMC 10B (Problems • Answer Key • Resources)
Preceded by First question	Followed by Problem 2
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All AMC 10 Problems and Solutions

2005 AMC 12B (Problems • Answer Key • Resources)
Preceded by First question	Followed by Problem 2
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All AMC 12 Problems and Solutions

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2005 AMC 12B Problems/Problem 1

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