Question

Sprint was sell Iphones. They sold 100 phones. They sold each phone for $200. But, they got the phones on discount for $50 each from the Iphone company. How much did they collect/make? How much were their expenses? How much was their profit?

Answer 1

How much they make = 20,000

Expenses = 15,000

Profit = 5,000

Explanation:

Well this question isn't very clear since it didn't state what the original cost for one iphone is. I think they are assuming one iphone to be 200 dollars or the sold amount, but this information is not directly stated. Anyways....

How much they make 100x200 = 20,000

Expenses 100(200-50) = 15,000

Profit 20,000 - 15,000 = 5,000