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 550, and she sold the stove for 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
Solution
The profit is calculated by subtracting the cost from the selling price.
Step 1: Identify the cost and selling price. The cost is 620.
Step 2: Subtract the cost from the selling price to find the profit.
550 = $70
So, the store owner made a profit of $70 on the stove.
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