There is a business that sells mobile phones. The business charges customers $700 for a new phone and $300 for a used phone. Assuming the business has sold 2 new phones and 1 used phone, how much total money (revenue) was generated?Choose 1 answer:$1,700$1,300$700$300
Question
There is a business that sells mobile phones. The business charges customers 300 for a used phone. Assuming the business has sold 2 new phones and 1 used phone, how much total money (revenue) was generated?Choose 1 answer:1,300300
Solution 1
The total revenue generated by the business can be calculated by adding the revenue from the new phones and the used phone.
Step 1: Calculate the revenue from the new phones The business sold 2 new phones at 700 = $1400.
Step 2: Calculate the revenue from the used phone The business sold 1 used phone at 300 = $300.
Step 3: Calculate the total revenue The total revenue is the sum of the revenue from the new phones and the used phone. So, the total revenue is 300 = $1700.
So, the correct answer is $1,700.
Solution 2
The total revenue generated by the business can be calculated by adding the revenue from the new phones and the used phone.
Step 1: Calculate the revenue from the new phones The business sold 2 new phones at 700 = $1400.
Step 2: Calculate the revenue from the used phone The business sold 1 used phone at 300 = $300.
Step 3: Calculate the total revenue The total revenue is the sum of the revenue from the new phones and the used phone. So, the total revenue is 300 (from used phone) = $1700.
So, the correct answer is $1,700.
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