Backlot Books sells used books. The store bought Henry’s collection of old Farm and Home magazines for $195.00. They sold the lot for $322.50, and this gave them a profit of 50 cents per magazine. How many magazines did Henry sell them?
The profit was $322.50 – $195.00 = $127.50. Divide this by $.50 to find the number of magazines: 255.
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