Classwork \( 25-02-2025 \) 1. Toby buys a pack of 12 racing cars thm for \( R 49,99 \) and sells each racing car for R10 at school. 1.1 Determine the cost price per racing car 1.2 Calculate the profit joby makes per racing car 1.3 Determine loby's profit margin on one pack of racing cars

To find the cost price per racing car, you divide the total cost by the number of cars. Toby's pack costs R49.99 for 12 cars, so the cost price per racing car is \( R49.99 \div 12 \approx R4.17 \). For the profit per racing car, you subtract the cost price from the selling price. If Toby sells each car for R10, his profit per car is \( R10 - R4.17 \approx R5.83 \). To find Toby's total profit margin on one pack of racing cars, first calculate the total profit from selling all 12 cars: \( 12 \times R5.83 \approx R69.99 \). The profit margin as a percentage can be calculated as \( \frac{Total Profit}{Total Cost} \times 100 \approx \frac{R69.99}{R49.99} \times 100 \approx 140\% \). So, Toby is making a hefty profit margin!