Answer:
Profit = $216
Step-by-step explanation:
To solve this, let's first calculate the amount she spent buying 38 shirts at $7 each:
• total spent = 38 × 7
= $266
We are told that she then sold 31 shirts at $16 each. Using this information, let us now calculate the total amount she earnt selling these shirts:
• total earnt = 31 × 16
= $496
Next, she returned 7 shirts and paid a $2 charge for each returned shirt. Therefore, the amount she spent on returning was:
• total spent returning = 7 × 2
= $14
Therefore she earned a total of $496 and spent $266 and then $14. We can calculate her profit by subtracting the two expenditures from the earnings:
• Profit = $496 - $266 - $14
= $216
Hence her profit was $216.
