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A book distributor purchased 1200 notebooks at a cost of 3 dollars each. The distributor sold 800 of the notebooks at 7 dollars each and 300 of the notebooks at 2 dollars each, and was unable to sell the remaining notebooks. What was the distributor's gross profit on the sale of these notebooks?

Explanation	Calculations	Help
$We calculate the total cost of notebooks purchased.$	$Cost = 3 \times 1200 = 3600$	Theory & Tactics Method Card TRANS3-B Click to view full details
$We calculate the revenue from notebooks sold at 7 dollars each.$	$Revenue_{1} = 7 \times 800 = 5600$	Theory & Tactics Method Card TRANS3-B Click to view full details
$We calculate the revenue from notebooks sold at 2 dollars each.$	$Revenue_{2} = 2 \times 300 = 600$	Theory & Tactics Method Card TRANS3-B Click to view full details
$We add the two revenue amounts to find the total revenue.$	$Total Revenue = 5600 + 600 = 6200$
$We calculate gross profit by subtracting total cost from total revenue.$	$Profit = 6200 - 3600 = 2600$	Theory & Tactics Method Card TRANS3-A Click to view full details

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A

A book distributor purchased 1200 notebooks at a cost of 3 dollars each. The distributor sold 800 of the notebooks at 7 dollars each and 300 of the notebooks at 2 dollars each, and was unable to sell the remaining notebooks. What was the distributor's gross profit on the sale of these notebooks?

Explanation	Calculations	Help
$We calculate the total cost of notebooks purchased.$	$Cost = 3 \times 1200 = 3600$	Theory & Tactics Method Card TRANS3-B Click to view full details
$We calculate the revenue from notebooks sold at 7 dollars each.$	$Revenue_{1} = 7 \times 800 = 5600$	Theory & Tactics Method Card TRANS3-B Click to view full details
$We calculate the revenue from notebooks sold at 2 dollars each.$	$Revenue_{2} = 2 \times 300 = 600$	Theory & Tactics Method Card TRANS3-B Click to view full details
$We add the two revenue amounts to find the total revenue.$	$Total Revenue = 5600 + 600 = 6200$
$We calculate gross profit by subtracting total cost from total revenue.$	$Profit = 6200 - 3600 = 2600$	Theory & Tactics Method Card TRANS3-A Click to view full details

Scroll horizontally to view all columns

A