1. Morty's total cost for the items he purchased was $2102. Morty's revenue from the sale of the items was $5473. Morty's Total profit was $337
Explanation:
The complete question is:
Morty buys and sells computer parts. He bought two monitors for $25 each and later sold them for $88 each. He bought four cases for $15 each and later sold them for $24 each. He bought five memory modules for $20 each and later sold them for $55 each.
Morty's total cost for the items he purchased wasMorty's revenue from the sale of the items wasMorty's Total profit was Solution
1. Morty's total cost for the items he purchased was
Build a table with the number of parts and their costs:
Component Amout Unit cost Total cost
$ $
Monitors 2 25 50
Cases 4 15 60
Memory 5 20 100
Total cost = $50 + $60 + $100 = $210
2. Morty's revenue from the sale of the items was
Build a table with the number of parts and their selling prices:
Component Amout Unit price Total cost
$ $
Monitors 2 88 176
Cases 4 24 96
Memory 5 55 275
Total revenue: $176 + $96 + $275 = $547
3. Morty's Total profit was
The total profit is the total revenue less the total cost: $547 - $210 = $337.
