1-Correct Time Inc. sells underwater scuba diving watches for $250 each. The tot
ID: 2713330 • Letter: 1
Question
1-Correct Time Inc. sells underwater scuba diving watches for $250 each. The total daily cost associated with the sale of this item today is $250. What is the business’s daily profit from the sell of 20 watches today?
2-The Garden Nursery makes $16 of profit from each garden rack it sells. The total daily cost associated with the sale of this item today is $150. What is the store’s daily revenue from the sell of 100 garden racks today?
3-1-From a universal set of U.S. states and three travelers, consider the following sets:
A = U.S. states that Traveler 1 has lived in or visited
B = U.S. states that Traveler 2 has lived in or visited
C = U.S. states that Traveler 3 has lived in or visited
Which of the following set operations will create the set of U.S states that have not been lived in or visited by at least one of the travelers?
Explanation / Answer
1. revenue from 20 watches = number of watchs * revenue per watch = 20*250 = 5000
total cost = $250
Profit = 5000 - 250 = 4750
2. total profit = number of racks * profit per rack = 100 * 16 = 1600
cost = $150
revenues = 1600 + 150 = 1750
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