Question

A storeowner orders 25 calculators that cost ​$30 each. The storeowner can sell each calculator for ​$41. The storeowner sold 22 calculators to customers. He had to return 3 calculators that were never sold and pay a ​$4 charge for each returned calculator​ (although the initial cost is​ refunded). What is the​ storeowner's profit?

Answer 1

The​ store owner's profit is $230.

Explanation:

The number of calculators ordered in total = 25

But out of this 25, the number of calculators returned = 3

So, the calculators that he actually paid for = 25 - 3 = 22

The cost price of 1 calculator = $ 30

So, the cost price of 22 calculators = 22 x ( $ 30) = $660

Also, he paid ​$4 charge for each returned calculator​.

So, the total charge paid for 3 calculators returned = 3 x (4$) = $12

Hence, his Total Cost Price

= Cost Price of 22 calculators+ Return charge of 3 cal.

= $660 + $12 = $672

Also, The selling price of 1 calculator = $ 41

So, the selling price of 22 calculators = 22 x ( $41) = $902

Hence, Total Selling Price = $902

PROFIT = TOTAL SELLING PRICE - TOTAL COST PRICE

= $902 - $672 = $230

Hence, the​ store owner's profit is $230.