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?

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