Need help with this Word Problem.

[Gubydee48]

Word Problem:

A storeowner ordered 25 calculators that cost $30 each. The storeowner can sell each calculator for $35. The storeowner sold 22 calculators to customers. He had to return 3 calculators and pay a $2 charge for each returned calculator. Find the storeowner's profit?

 

[Deleted member 4993]

Word Problem:

A storeowner ordered 25 calculators that cost $30 each. The storeowner can sell each calculator for $35. The storeowner sold 22 calculators to customers. He had to return 3 calculators and pay a $2 charge for each returned calculator. Find the storeowner's profit?

Start with naming your variables:

Let the profit = P

now continue....

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[Gubydee48]

Show your work, else we can't tell where you're stuck...

First I understand Profit = selling price - cost price

30.00 x 25 = 750.00 - ordered calculators

35.00 x 22 = 770.00 - profits from the sold calculators

2.00 x 3 = 6.00 - charge for the returned calculators

770.00 - calculators sold - 6.00 - charge for returned calculators = 764.00

764.00 - 750.00-totaled ordered = 14.00

This is where I got stuck, because this answer doesn't match with my textbook. Please help me. Thanks!

 

[Deleted member 4993]

First I understand Profit = selling price - cost price

30.00 x 25 = 750.00 - ordered calculators

35.00 x 22 = 770.00 - profits from the sold calculators

2.00 x 3 = 6.00 - charge for the returned calculators

770.00 - calculators sold - 6.00 - charge for returned calculators = 764.00

764.00 - 750.00-totaled ordered = 14.00

This is where I got stuck, because this answer doesn't match with my textbook. Please help me. Thanks!

I believe he got back 3*30 = $90 by returning those calculators

So his total profit is (90+14=)$104

 

[Gubydee48]

First I understand Profit = selling price - cost price

30.00 x 25 = 750.00 - ordered calculators

35.00 x 22 = 770.00 - profits from the sold calculators

2.00 x 3 = 6.00 - charge for the returned calculators

770.00 - calculators sold - 6.00 - charge for returned calculators = 764.00

764.00 - 750.00-totaled ordered = 14.00

This is where I got stuck, because this answer doesn't match with my textbook. Please help me. Thanks!

I think I've got it.

Profit = selling price - cost price right so that is the following:

Profit = 35.00 - 30.00

Profit = 5.00

Now the store owner sold 22 calculators, now I do the following:

5.00 x 22.00 = 110.00, now I have to subtract the returned calculator charge which was 6.00.

110.00 - 6.00 = 104.00

So the Storeowner's profit would be $104.00. Am I correct.

 

[Gubydee48]

I think I've got it.

Profit = selling price - cost price right so that is the following:

Profit = 35.00 - 30.00

Profit = 5.00

Now the store owner sold 22 calculators, now I do the following:

5.00 x 22.00 = 110.00, now I have to subtract the returned calculator charge which was 6.00.

110.00 - 6.00 = 104.00

So the Storeowner's profit would be $104.00. Am I correct.

I understand your way and thank you so very much for all your help. Have a great day.