a storeowner orders 25 calculators that cost $28 each. the storeowner can sell each calculator for $38. the…

a storeowner orders 25 calculators that cost $28 each. the storeowner can sell each calculator for $38. 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 storeowners profit? the profit is $

a storeowner orders 25 calculators that cost $28 each. the storeowner can sell each calculator for $38. 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 storeowners profit? the profit is $

Answer

Explanation:

Step1: Calculate total cost

The store - owner orders 25 calculators at $28 each. So the total cost $C = 25\times28=700$.

Step2: Calculate total revenue from sold calculators

The store - owner sold 22 calculators at $38 each. So the revenue from sold calculators $R_1=22\times38 = 836$.

Step3: Calculate cost of returned calculators

The store - owner returned 3 calculators with a $4 charge each. So the cost of returned calculators $C_1 = 3\times4=12$.

Step4: Calculate profit

Profit $P=R_1 - C_1$. Since the initial cost of returned calculators is refunded, we don't need to consider the cost of calculators in the profit - calculation in terms of the returned ones. $P=836-12=824$.

Answer:

824