Question

A storeowner orders 25 calculators that cost ​$4747 each. The storeowner can sell each calculator for ​$5656. The storeowner sold 22 calculators to customers. He had to return 3 calculators that were never sold and pay a ​$55 charge for each returned calculator​ (although the initial cost is​ refunded). What is the​ storeowner's profit?

Answer 1

$5,592

Step-by-step explanation:

Given:

Number of calculators ordered = 25

Cost of each calculator = $4747

thus,

Total cost of the calculators ordered = 25 × $4747 = $118,675

Selling cost of each calculator = $5656

Number of calculators sold = 22

Total revenue = 22 ×$5656 = $124432

Number of calculators returned = 3

Charges for returning the calculator = $55

Total charges for returning the calculators = 3 × $55 = $165

Now,

The total profit

= Total revenue - Total cost of the calculators - Total charges for returning

= $124432 - $118,675 - $165

= $5,592