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7 July, 21:01

A storeowner orders 25 calculators that cost $33 each. The storeowner can sell each calculator for $45. The storeowner sold 22 calculators to customers. He had to return 3 calculators that were never sold and pay a $5 charge for each returned calculator (although the initial cost is refunded). What is the storeowner's profit?

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  1. 7 July, 23:07
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    profit = $120

    Explanation:

    given data

    calculator order = 25

    cost = $33 each

    sell = $45 each

    calculator sold = 22

    return = 3

    charge for return = $5

    to find out

    the store owner profit

    solution

    so we know total cost he order = 25 * 33 = $825

    and sale cost = 22 * 45 = $990

    pay for return 3 * 15 = $45

    so profit is = sale - cost of order - pay for return

    profit = 990 - 825 - 45

    profit = $120
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