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25 October, 22:29

Alejandro Scoobertini owns a store specializing in soccer jerseys. In 2008, he purchased $150,000 worth of jerseys from manufacturers, employed one worker for $40,000, purchased $20,000 worth of supplies from an office supply store, and sold jerseys for $280,000. Based on this information, what was the value added at Alejandro's store in 2008?

a) $70,000

b) $110,000

c) $280,000

d) $490,000

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Answers (1)
  1. 25 October, 22:48
    0
    Option (a) is correct.

    Explanation:

    Given that,

    Purchased jerseys from manufacturers = $150,000

    Salary of worker = $40,000

    Purchased supplies from an office supply store = $20,000

    Sold jerseys = $280,000

    Value added at Alejandro's store in 2008:

    = Amount for which jerseys sold - Purchased jerseys from manufacturers - Salary of worker - Purchased supplies from an office supply store

    = $280,000 - $150,000 - $40,000 - $20,000

    = $70,000
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