Question

Rocco's Bikes buys tires for $19 each and sells them for $30 each. Today, Rocco's bikes sold 4 tires. What was the profit from tires today?

Answer 1

Step-by-step explanation:

profit on 1 tyre is 30 - 19 = 11 $

profit on 4 tyres is 4 x 11 = 44$

Answer 2

Answer:

4 tires sold at the SP of $30, their CP being $19, Net CP= 19*4= $76, total SP = 30*4=$120, total profit = $120-$76= $44

Step-by-step explanation:

CP of one tire= $19

SP of one tire= $30

Number of tires sold= 4

CP of tires= 19 x 4= $76

SP of tires= 30 x 4= $120

Since SP > CP,

therefore, profit

P= SP-CP

 =$120-$76

 =$44

Therefore, Rocco's Tires made a profit of $44.