Answer:
Profit earn from selling all four cars = $8
Step-by-step explanation:
Given:
Purchase price of toy car = $3
Number of car purchases = 4
Selling price of each car = $5
Find:
Profit earn from selling all four cars
Computation:
Total amount of purchase = 3 x 4
Total amount of purchase = $12
Total amount of sales = 5 x 4
Total amount of sales = $20
Profit = sales cost - purchase cost
Profit earn from selling all four cars = 20 - 12
Profit earn from selling all four cars = $8
