Answer:
- 1. Morty's total cost for the items he purchased was $210
- 2. Morty's revenue from the sale of the items was $547
- 3. Morty's Total profit was $337
Step-by-step explanation:
The complete question is:
Morty buys and sells computer parts. He bought two monitors for $25 each and later sold them for $88 each. He bought four cases for $15 each and later sold them for $24 each. He bought five memory modules for $20 each and later sold them for $55 each.
- Morty's total cost for the items he purchased was
- Morty's revenue from the sale of the items was
Solution
1. Morty's total cost for the items he purchased was
Build a table with the number of parts and their costs:
Component Amout Unit cost Total cost
$ $
Monitors 2 25 50
Cases 4 15 60
Memory 5 20 100
Total cost = $50 + $60 + $100 = $210
2. Morty's revenue from the sale of the items was
Build a table with the number of parts and their selling prices:
Component Amout Unit price Total cost
$ $
Monitors 2 88 176
Cases 4 24 96
Memory 5 55 275
Total revenue: $176 + $96 + $275 = $547
3. Morty's Total profit was
The total profit is the total revenue less the total cost: $547 - $210 = $337.