Ace Landscape buys 100 shovels for $15 each. Ace sells all 100 shovels at $29.99. What is his profit?
A)$1,500
B)$2,999
C)$1,499
D)$1,400
E)None of these

Question

Quizplus · Accepted Answer

Ace Landscape's profit is calculated by subtracting the total cost from the total revenue. The total cost for 100 shovels is 100 x $15 = $1,500. The total revenue from selling 100 shovels at $29.99 each is 100 x $29.99 = $2,999. The profit is $2,999 - $1,500 = $1,499.

Ace Landscape Buys 100 Shovels for $15 Each