Mr.Evans paid &10.60 each for a shipment of 72 shirts. He sold the shirts for $14.20 each.What was his total profit on the shipment?
I'll be glad to check your answer, Johnny/John/Peter.
1022.40
3/40
To calculate Mr. Evans's total profit on the shipment, we need to find the difference between the total amount he earned from selling the shirts and the total amount he paid to purchase the shirts.
First, let's find out how much he paid to purchase the shirts. Mr. Evans paid $10.60 for each shirt and bought a total of 72 shirts. So, the total amount he paid for the shipment of shirts can be calculated by multiplying the cost of one shirt by the number of shirts:
Total cost of the shipment = Cost per shirt x Number of shirts
Total cost of the shipment = $10.60 x 72
Next, let's find out how much he earned by selling the shirts. Mr. Evans sold each shirt for $14.20, and he sold a total of 72 shirts. So, the total amount he earned from selling the shirts can be calculated by multiplying the selling price of one shirt by the number of shirts:
Total revenue from the shipment = Selling price per shirt x Number of shirts
Total revenue from the shipment = $14.20 x 72
Now, we can find the profit by subtracting the total cost of the shipment from the total revenue from the shipment:
Profit = Total revenue - Total cost
Profit = ($14.20 x 72) - ($10.60 x 72)
To calculate the profit, you can substitute the values into the equation and solve:
Profit = $1,022.40 - $763.20
Profit = $259.20
Therefore, Mr. Evans's total profit on the shipment of shirts is $259.20.