Question

Consider another hypothetical care package, Games and Entertainment with the following price and quantity information: Price $50 $35 $25 $15 Quantity 4,136 1,640 2,763 2,203 Assuming the cost is 35% of the price charged, what would be the profit margin of this care package? 

          Consider another hypothetical care package, Games and Entertainment with the following price and quantity information:
Price $50 $35 $25 $15
Quantity 4,136 1,640 2,763 2,203
Assuming the cost is 35% of the price charged, what would be the profit margin of this care package?
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Added by Suzanne C.

Principles of Economics
Principles of Economics
Gregory Mankiw 8th Edition
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Consider another hypothetical care package, Games and Entertainment with the following price and quantity information: Price $50 $35 $25 $15 Quantity 4,136 1,640 2,763 2,203 Assuming the cost is 35% of the price charged, what would be the profit margin of this care package?
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Transcript

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00:01 So to solve for this, let us first find the total cost.
00:07 Total cost equivalent to the shopkeeper has two kilograms of rice costing 25 rupees per kilo, so that would mean two kilograms multiplied by the price, which is 25 rupees, 25 per kilogram.
00:34 And we add 3 kilograms of rice which is priced at 30 rupees per kilo in per kilogram you can see we can cancel kilogram and here left with our unit which is so we have 2 times 25 this is 50 plus 3 times 30 it's 90 right so the total cost is 40 rupees and then he sold the new rice mixture at 35 2 piece per kilogram so let us find the percent profit let's find first the profit profit is equivalent to the income minus expensive right so the income is equivalent to if he sold it all that means he has five kilograms of price which is priced at 35 rupees per kilogram.
02:00 So the expenses again is 140 feet...
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