NTB Tires bought 809 tires from its manufacturer for $32 per tire. A - What is the total cost of NTB's purchase? B - Assume the store can sell all the tires at $85 each. What will be the store's gross profit, or the difference between its sales and costs?

The total cost is the product of the cost of each item and the number of items. The total profit will be the product of the profit on each item and the number of items.

Application

A) Cost

The cost of 809 tires at $32 each is ...

809 × $32 = $25,888 . . . . . total cost of the purchase

B) Profit

The profit the store makes on each tire is ...

profit = selling price - cost = $85 -32 = $53

The gross profit on 809 tires at $53 each is ...

total profit = 809 × $53 = $42,877 . . . . . gross profit

NTB Tires bought 809 tires from its manufacturer for $32 per tire. A - What is the total cost of NTB's purchase? B - Assume the store can sell all the tires at $85 each. What will be the store's gross profit, or the difference between its sales and costs?​

Respuesta :

Application

A) Cost

B) Profit

Otras preguntas

NTB Tires bought 809 tires from its manufacturer for $32 per tire. A - What is the total cost of NTB's purchase? B - Assume the store can sell all the tires at $85 each. What will be the store's gross profit, or the difference between its sales and costs?