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Neel and Nick are brothers. Neel is a di...

Neel and Nick are brothers. Neel is a distributor and Nick is a retailer. Neel purchased electronic shavers of a particular type at $4 a piece and sold all of them to Nick at $6 a piece. Nick sold all the shavers at $8 a piece to consumers. `{:("Column A" , " ","ColumnB"),("Profit made by Neel in the deal", ,"Profit made by Nick in the deal"):}`

A

If column A is larger

B

If column B is larger

C

If the columns are equal

D

If there is not enough information to decide

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem, we need to calculate the profits made by Neel and Nick separately and then compare them. ### Step 1: Calculate Neel's Profit - Neel purchased electronic shavers at a cost price of $4 each. - He sold them to Nick at a selling price of $6 each. - Profit made by Neel per shaver can be calculated using the formula: \[ \text{Profit} = \text{Selling Price} - \text{Cost Price} \] - Substituting the values: \[ \text{Profit by Neel} = 6 - 4 = 2 \text{ dollars per shaver} \] ### Step 2: Calculate Nick's Profit - Nick bought the shavers from Neel at a cost price of $6 each. - He sold them to consumers at a selling price of $8 each. - Profit made by Nick per shaver can be calculated using the same formula: \[ \text{Profit} = \text{Selling Price} - \text{Cost Price} \] - Substituting the values: \[ \text{Profit by Nick} = 8 - 6 = 2 \text{ dollars per shaver} \] ### Step 3: Compare the Profits - From the calculations: - Profit made by Neel = $2 per shaver - Profit made by Nick = $2 per shaver Since both profits are equal, we can conclude that: \[ \text{Profit made by Neel} = \text{Profit made by Nick} \] ### Final Conclusion - Therefore, Column A (Profit made by Neel) is equal to Column B (Profit made by Nick). ### Answer Both columns are equal. ---
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