anne owns an art supply store. anne is analyzing the stores expenses and income because she wants to…

anne owns an art supply store. anne is analyzing the stores expenses and income because she wants to increase the stores profits. the expenses include renting 1,250 square feet of space for $13,750 per month. the store has only one employee, who is paid $8.00 per hour plus 8% commission. much of the stores income comes from the sales of blank painting canvases and frames. the table shows the prices of the canvases and frames sold at the store. art store prices dimensions (inches) canvas price frame price 8 by 10 $6.43 $25.48 16 by 20 $11.65 $49.48 18 by 24 $18.47 $61.98 24 by 36 $22.80 $89.98 anne buys her stores art supplies from a wholesaler. she purchases 8 canvases that are 16 by 20 inches for $7.16 each. how much profit does anne make on the sale of these 8 canvases? a. $35.92 b. $45.63 c. $57.28 d. $86.04

anne owns an art supply store. anne is analyzing the stores expenses and income because she wants to increase the stores profits. the expenses include renting 1,250 square feet of space for $13,750 per month. the store has only one employee, who is paid $8.00 per hour plus 8% commission. much of the stores income comes from the sales of blank painting canvases and frames. the table shows the prices of the canvases and frames sold at the store. art store prices dimensions (inches) canvas price frame price 8 by 10 $6.43 $25.48 16 by 20 $11.65 $49.48 18 by 24 $18.47 $61.98 24 by 36 $22.80 $89.98 anne buys her stores art supplies from a wholesaler. she purchases 8 canvases that are 16 by 20 inches for $7.16 each. how much profit does anne make on the sale of these 8 canvases? a. $35.92 b. $45.63 c. $57.28 d. $86.04

Answer

Explanation:

Step1: Calculate total selling - price

The selling - price of one 16 by 20 canvas is $11.65. For 8 canvases, the total selling - price is $11.65×8 = 93.2$.

Step2: Calculate total cost

The cost of one 16 by 20 canvas is $7.16. For 8 canvases, the total cost is $7.16×8 = 57.28$.

Step3: Calculate profit

Profit = Total selling - price−Total cost. So, profit = 93.2−57.28 = 35.92.

Answer:

A. $35.92