Answer:The result is negative, which means that Dean did not make a profit after the refunds. Instead, he suffered a loss of $4,920.00.
Explanation:
Dean paid $24500.00 for 5 PSS gaming consoles, so the cost of each console was $24500.00/5 = $4900.00.
Dean sold each console at a 40% profit, which means he sold each console for $4900.00 + 40% of $4900.00 = $6860.00.
Therefore, Dean earned a total of 5 consoles x $6860.00 per console = $34,300.00 from selling all the consoles.
However, 2 of the consoles were returned, so Dean refunded 2 x $6860.00 = $13,720.00.
Dean's total profit is then calculated as follows:
Total earnings = $34,300.00
Total expenses (cost of consoles) = $24,500.00
Total refunds = $13,720.00
Dean's profit after the refund can be calculated as follows:
Profit = Total earnings - Total expenses - Total refunds
Profit = $34,300.00 - $24,500.00 - $13,720.00
Profit = -$4,920.00
The result is negative, which means that Dean did not make a profit after the refunds. Instead, he suffered a loss of $4,920.00.