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The cost of a stove to a store owner was $550$⁢550, and she sold the stove for $620$⁢620.Step 1 of 3 :  What was her profit? Follow the problem-solving process and round your answer to the nearest hundredth if necessary.Answer

Question

The cost of a stove to a store owner was 550550⁢550, and she sold the stove for 620620⁢620.Step 1 of 3 :  What was her profit? Follow the problem-solving process and round your answer to the nearest hundredth if necessary.Answer

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Solution

The profit is calculated by subtracting the cost from the selling price.

Step 1: Identify the cost and selling price. The cost is 550andthesellingpriceis550 and the selling price is 620.

Step 2: Subtract the cost from the selling price to find the profit.

620620 - 550 = $70

So, the store owner made a profit of $70 on the stove.

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