Final answer:
To calculate the profit when the sale price is used as the sale price minus the wholesale price, subtract the wholesale price from the sale price to find the difference. This difference represents the profit made from each item sold. To find the total profit, multiply the profit made from each item sold by the number of items sold.
Step-by-step explanation:
Step 1:
Calculate the difference between the sale price and the wholesale price.
Example:
If the sale price is $100 and the wholesale price is $80, the difference is $100 - $80 = $20.
Step 2:
This difference represents the profit made from each item sold.
Example:
If the difference is $20, then the profit made from each item sold is $20.
Step 3:
To calculate the total profit, multiply the profit made from each item sold by the number of items sold.
Example:
If 100 items were sold, then the total profit is $20 * 100 = $2000.