The profit made per sweater is $17
Total numbers of sweaters bought = 7
The cost price for seven sweaters = $77
The selling price of seven sweaters = $196.
Gain or profit is attained by raising the price of goods so that consumer spending exceeds producer expenses and a sizable return on investment is left. Profit is the money that remains after expenditures and expenses have been paid.
Calculating the amount the store bought the sweaters for -
196- 77
= 119
Profit the store made per sweater -
= Total amount/ Number of sweaters
= 119/7
= 17
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