Question

An electrician buys 100 units of armored cable connectors. He purchased them at the price of $2.10 each. He then sells them at cost of $3.00 per unit. Assuming his overhead is 30%, what is his profit. ?

Answer 1

The electrician's profit is $27.

Step-by-step explanation:

To calculate the profit of the electrician, we need to consider both the cost and the revenue.

The electrician bought 100 units of armored cable connectors at $2.10 each, which amounts to a total cost of $210.

He sells them at a price of $3.00 per unit, so his total revenue is $300.

His overhead is 30% of the cost, which is $210 * 0.30 = $63.

Therefore, his profit is the total revenue minus the cost and overhead: $300 - $210 - $63 = $27.