Malik buys and sells car parts. He bought two tires for $45.00 each and later sold them for $65.00 each. He bought three rims fo r $85.00 each and later sold them for $126.00 each. He bought five headlight covers for $5.00 each and later sold them for $15.00 each. What is Malik's total profit?
2 answers:
2 Tires: Cost Price = $45 x 2 = $90 Sales Price = $65 x 2 = $130 Profit = $130 - $90 = $40 3 Rims: Cost Price = $85 x 3 = $255 Sales Price = $126 x 3 = $378 Profit = $378 - $255 = $123 5 headlights: Cost Price = $5 x 5 = $25 Sales Price = 15 x 5 = $75 Profit = $75 - $25 = $50 Total Profit = $40 + $123 + $50 = $213Answer: $213
Malik earned $243. When he bought the tires, he spent $90 ($45x2), and he sold them for $130 ($65x2). So his profit was $40 ($130-$90). He bought three rims for $225 ($85x3) and sold them all for $378 ($126x3). His profit was $153 ($378-$225). The headlight covers cost him $25 in total ($5x5). He sold them all and got $75 ($15x5). The profit was $50 ($75-$25). The total amount of money made was $243 ($40+$153+$50). :)
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