Mrs. Oaklyn buys handmade rugs at $40 each and sells them at $60 each. If she bought 20 rugs, calculate the profit she will make from selling the rugs.
Thoughts? Step-by-step reasoning:
Since she buys one rug at $40 and sells it at $60, she makes a profit of $60 - $40 = $20. If she bought 20 rugs at $40 and sold them at $60 each, she made a profit of 20 * $20 = $400.
Thus, the answer is 400.