Question

Morty buys and sells computer parts

Answer 1

Answer:

• 1. Morty's total cost for the items he purchased was $210

• 2. Morty's revenue from the sale of the items was $547

• 3. Morty's Total profit was $337

Explanation:

The complete question is:

Morty buys and sells computer parts. He bought two monitors for $25 each and later sold them for $88 each. He bought four cases for $15 each and later sold them for $24 each. He bought five memory modules for $20 each and later sold them for $55 each.

• Morty's total cost for the items he purchased was

• Morty's revenue from the sale of the items was

• Morty's Total profit was

Solution

1. Morty's total cost for the items he purchased was

Build a table with the number of parts and their costs:

Component         Amout    Unit cost  Total cost

                                               $                 $

Monitors                2             25                50

Cases                     4             15                 60

Memory                  5             20               100

Total cost = $50 + $60 + $100 = $210

2. Morty's revenue from the sale of the items was

Build a table with the number of parts and their selling prices:

Component         Amout    Unit price  Total cost

                                               $                 $

Monitors                2              88               176

Cases                     4              24                96

Memory                  5             55              275

Total revenue: $176 + $96 + $275 = $547

3. Morty's Total profit was

The total profit is the total revenue less the total cost: $547 - $210 = $337.