Question

Malik buys and sells car parts. He bought two tires for $45.00 each and later sold them for $65.00 each. He bought three rims for $85.00 each and later sold them for $126.00 each. He bought five headlight covers for $5.00 each and later sold them for $15.00 each. What is Malik's total profit?

Answer 1

To calculate Malik's total profit, first calculate the profit he made on each individual part. To do that, subtract the price he paid for each part from the price he sold each part for.

Tires:
45 × 2 = 90
65 × 2 = 130
130 - 90 = 40

Malik made a 40 dollar profit on tires alone.

Rims:
85 × 3 = 255
126 × 3 = 378
378 - 255 = 123

Malik made a 123 dollar profit on rims.

Headlight covers:
5 × 5 = 25
15 × 5 = 75
75 - 25 = 50

Malik made a 50 dollar profit on headlight covers.

Now combine the profits made to get the total profit.

40 + 123 + 50 = 213

Answer:
Malik's total profit is $213.

Answer 2

The answer is $213 because you subtract the price sold by the price he bought them for and then you add them together (see work)