Question

Malik buys and sells car parts. He bought two tires for $45.00 each and later sold them for $65.00 each. He bought three rims for $85.00 each and later sold them for $126.00 each. He bought five headlight covers for $5.00 each and later sold them for $15.00 each. What is Malik's total profit?

Answer 1

Profit = Sold price - Cost price

Malik's profit in tires = 2($65 - $45)

= $40

Malik's profit in rims = 3($126 - $85)

= $123

Malik's profit in headlight covers =

5 ($15 - $5)

=$50

Total profit = $40+$123+$50

= $213