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

Question

Mathematics

Maximillian Hatfield

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

+5

Answers (1)

Know the Answer?

Joey Colon · Answer 1

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?