Question

A store owner orders 25 calculators that cost ​$41 each. The store owner can sell each calculator for ​$50. The store owner sold 22 calculators to customers. He had to return 3 calculators that were never sold and pay a ​$5 charge for each returned calculator​ (although the initial cost is​ refunded). What is the​ storeowner's profit?

Answer 1

$183

Explanation:

He buys 25 calculators for $41 each meaning he spends $1025 in total. He was able to sell 22 calculators for $50 which amounts to $1,100. He then returns and is refunded for the original price of the 3 calculators meaning he gets $123 dollars back but he also has to pay $5 for each calculator he returned which takes away $15 from his profit. $123-$15= $108. ($1,100+$108)-$1025=$183.