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13 July, 05:10

Richard buys, fixes, resells small devices, like the Mir487, which consistently needs a transistor replaced. He can buy the transistor for $8.10 and a broken Mir487 for $51.90. Once fixed, he resells the new Mir487 for $224.96. Approximately how much profit will Richard make if he resells 10 Mir487 devices?

A.

$2,170.00

B.

$1,730.00

C.

$1,650.00

D.

$2,200.00

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  1. 13 July, 08:59
    0
    Calculate the profit on one device, and then multiply the result by 10.

    Cost of broken Mir487 + cost of transistor + profit = $224.96

    $51.90 + $8.10 + profit + $224.96

    $60 + profit = $224.96

    Profit on the sale of one refurbished Mir487: $164.96

    Profit on the sale of 10 refurb'd units: $1649.60

    Which of the four given possible answers is closest to $1649.60?
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