Question

Ryan is opening up a bookstore, where he sells both new and old books. He

charges $12.50 for a new book, and $5.50 for an old book. What was Ryan's
revenue last month if he sold 16 new books and 25 old books?
A. $137.50
B. $62.50
C. $337.50
D. $200.00

Answer 1

Ryan's revenue last month if he sold 16 new books and 25 old books

is $337.50.

Explanation:

The number of old books sold by Ryan = 25

The cost of each old book = $5.50

⇒ Total amount earned by selling 25 old books = 25 x $5.50

= $137.5

The number of new books sold by Ryan = 16

The cost of each new book = $12.50

⇒ Total amount earned by selling 16 new books = 16 x $12.50

= $200

Hence Total amount earned by Ryan

= Amount earned by selling old books + Amount by selling new books

= $137.5 + $200

= $337.50

or, Total amount earned by Ryan = $337.50

Hence Ryan's revenue last month if he sold 16 new books and 25 old books is $337.50.