bryan sells gadgets at a price of $7 apiece. His average cost is $5 per gadget. On Monday, bryan sold 10 gadgets; on Tuseday, he sold 7 gadgets; on Wednesday, he sold 9 gadgets; on thursday, he sold 11 gadgets and on friday, he sold 13 gadgets.

5. what was bryans total revenue for the week?

6. what was bryans total cost for the week?

7. did bryan have a profit or a loss for the week?

8. what was the dollar amount of bryans profit or loss for the week?

Question

Mathematics

Amanda Holder

18 November, 15:31

bryan sells gadgets at a price of $7 apiece. His average cost is $5 per gadget. On Monday, bryan sold 10 gadgets; on Tuseday, he sold 7 gadgets; on Wednesday, he sold 9 gadgets; on thursday, he sold 11 gadgets and on friday, he sold 13 gadgets.

5. what was bryans total revenue for the week?

6. what was bryans total cost for the week?

7. did bryan have a profit or a loss for the week?

8. what was the dollar amount of bryans profit or loss for the week?

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Answers (1)

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Abigayle Cherry · Answer 1

Bryan's total sales / revenue equals (10 * 7) + (7 * 7) + (9 * 7) + (11 * 7) + (13 * 7) = $350 Bryan's total cost for the week = $350 But it cost him $5 a piece so his average cost = (10 * 5) + (5 * 7) + (9 * 5) + (11 * 5) + (13 * 5) = $250. Yes, Bryan made a profit. Bryans profits = $350 - $250 = $100. The dollar equivalent = $100