SOLUTION: A storeowner orders 25 calculators that cost ​$50 each. The store owner can sell each calculator for ​$63. The storeowner sold 22 calculators to customers. He had to re

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Question 1036477: A storeowner orders 25 calculators that cost ​$50 each. The store owner can sell each calculator for ​$63. The storeowner sold 22 calculators to customers. He had to return 3 calculators that were never sold and pay a ​$55 charge for each returned calculator​ (although the initial cost is​ refunded). What is the​ store owner profit?
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
A storeowner orders 25 calculators that cost ​$50 each. The store owner can sell each calculator for ​$63. The storeowner sold 22 calculators to customers. He had to return 3 calculators that were never sold and pay a ​$55 charge for each returned calculator​ (although the initial cost is​ refunded). What is the​ store owner profit?
Original cost:: 25*50 = 1250
Sales revenue:: 22*(63) = 1386
Return loss:: 3*55 = 165
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Profit = 1386-1250-165 = -$29.00
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Cheers,
Stan H.
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