SOLUTION: K-Mart purchased 3000 shirts for $19256 and sold them all at $16.99 each. How much profit did K-Mart realize? This seems easy to me, but i am not getting the correct answer.

Question 623040: K-Mart purchased 3000 shirts for $19256 and sold them all at $16.99 each. How much profit did K-Mart realize?
This seems easy to me, but i am not getting the correct answer.
19256.00
- 16.99
Answer: $19239.01
19256+ 19239.01= 38495.01
Correct answer: $31,714

Answer by Alan3354(69443) (Show Source): You can put this solution on YOUR website!
K-Mart purchased 3000 shirts for $19256 and sold them all at $16.99 each. How much profit did K-Mart realize?
------------------
3000*16.99 = $50,970
----
50970 Sold for
- 19256 Bought for
----------
= $31714 Profit
RELATED QUESTIONS
1. Victoria's paycheck is for $x and y cents. When she cashes it the cashier accidently... (answered by ankor@dixie-net.com)

a dealer purchased tee shirts at $2.40 each and sold them for $4.25 each. his overhead... (answered by orca)

1. In this problem, we analyze the profit found for sales of graphic t-shirts. A demand... (answered by richard1234)

A Merchant purchased 12 shirts @rs. 16 each. he had incurred an expense of Rs. 114.00 for (answered by mananth)

Henry purchased 60 T-shirts paying $ 1.10 for each. He sold 20 of them for $ 2.50 each... (answered by checkley77)

Tyler bought 20 shares of Wal-Mart at $48.80. A year later, he bought 20 more shares at... (answered by lynnlo)

Tyler bought 20 shares of Wal-Mart at $48.80. A year later, he bought 20 more shares at... (answered by richwmiller)

company purchased 8 work shirts and 17 work pants at $273. Next month purchased... (answered by stanbon)

A store owner brought 200 pens and sold them for $2.00 each. She made $40 profit after... (answered by checkley79)