Question

Last week at the toy store where you work, you sold 46 board games and gave 3 to charity. The store paid $15.75 per board game and sold board games for $22.56. What profit did the store make on the board games last week?

A $234.56
B. $265,49
C. $266.01
D. $274,39
F $284.56

Answer 1

To calculate the toy store's profit from board game sales, multiply the number sold by the sale price, then subtract the total cost (including unsold donated games). The store's profit was $266.01.

Step-by-step explanation:

The question presents a scenario where a toy store sold board games and aims to calculate the store's profit from these sales. The store sold 46 board games at a sale price of $22.56 each and gave away 3 board games to charity. To find the total profit, first we need to calculate the total revenue which is the sale price multiplied by the number of board games sold:

1. Total Revenue = 46 board games × $22.56 per game
2. Total Revenue = $1037.76

Next, we calculate the total cost to the store, which includes the cost of all 49 board games (the 46 sold plus the 3 given to charity), at the store's cost of $15.75 per game:

1. Total Cost = 49 board games × $15.75 per game
2. Total Cost = $771.75

Finally, we subtract the total cost from the total revenue to find the profit:

1. Profit = Total Revenue - Total Cost
2. Profit = $1037.76 - $771.75
3. Profit = $266.01

Therefore, the correct answer is C. $266.01, which is the profit the store made on the board games last week.