To work out the profit, firstly, you have to work out the cost of buying them, which is $15 multiplied by 100, which is $1500. You then have to work out what he sold them all at, which is $29.99 multiplied by 100, which is $2999. You then have to subtract $1500 from $2999, giving you $1499. Therefore, Ace made $1499 in profit. Hope this helps :)

8 0

3 years ago

Read 2 more answers

2. Lamar purchases comic books at garage

Otrada [13]

<u>Answer:</u>

Lamar will charge $\$7$ to the comic dealer for a comic book.

<u>Solution:</u>

It is given that lamar purchases a comic book for $\$4$ . He then marks up the price of a comic book by $75\%$ which means he increases the price of the book by $75\%$ and then sells it to the comic dealer.

We have to find out how much will he charge the comic book dealer.

New price of the book after lamar marks up the price is given by

New price $= \$4 + \frac{75}{100} \times \$4$

= $\$4 + \$3$ $= \$7$

Thus, lamar will charge $\$7$ to the comic dealer for a comic book.

4 0

3 years ago