Niko has bought 9 pairs of socks that cost $2 each and plans to resell them. He wants to gain 25% profit from four of the pairs of socks and $0.2 profit each for the other 5 pairs of socks. How much will his total profit be?
How much will Niko earn from the first four pairs of socks? ** Niko will earn $2 x 25/100 = $<<2*25/100=0.5>>0.5 profit for each of the first four pairs of socks.
How much will Niko earn from the first four pairs of socks? ** So, his total profit for the four pairs of socks will be $0.5 x 4 = $<<0.5*4=2>>2.
How much will Niko earn from the other 5 pairs of socks? ** His total earnings for the 5 pairs of socks is $0.2 x 5 = $<<0.2*5=1>>1.
How much will Niko's total profit be? ** Therefore, his total profit will be $2 + $1 = $<<2+1=3>>3.
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