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A store owner pays her assistant $22 per hour for every
[#permalink]
27 May 2018, 03:44
27 May 2018, 03:44
Expert Reply
00:00
Question Stats:
97% (02:25) correct
2% (00:00) wrong based on 40 sessions
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A store owner pays her assistant $22 per hour for every hour the store is open. If all other expenses for the store are $160 per day, and the store is open for 8 hours on Monday and sells $720 worth of merchandise on that day, what is the store’s profit for the day?
(A) $384
(B) $396
(C) $530
(D) $538
(E) $560
(A) $384
(B) $396
(C) $530
(D) $538
(E) $560
Re: A store owner pays her assistant $22 per hour for every
[#permalink]
27 May 2018, 12:50
27 May 2018, 12:50
Expert Reply
Explanation
Since Profit = Revenue – Expenses, and revenue = $720:
P = 720 - E
Expenses are equal to $22 per hour times 8 hours, plus a fixed $160, or 22(8) + 160 = $336. Thus:
P = 720 - 336
P = $384
Hence option A is correct!
Since Profit = Revenue – Expenses, and revenue = $720:
P = 720 - E
Expenses are equal to $22 per hour times 8 hours, plus a fixed $160, or 22(8) + 160 = $336. Thus:
P = 720 - 336
P = $384
Hence option A is correct!
gmatclubot
Re: A store owner pays her assistant $22 per hour for every [#permalink]
27 May 2018, 12:50
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