Question

A storeowner orders 25 calculators that cost ​$48 each. The storeowner can sell each calculator for ​$60. The storeowner sold 22 calculators to customers. He had to return 3 calculators that were never sold and pay a ​$2 charge for each returned calculator​ (although the initial cost is​ refunded). What is the​ storeowner's profit?

Answer 1

25*48=1,200

So we start at -1,200

22*60=1,320

So currently we are at a profit of $120.

120-6=114

Total profit: $114