Sample Test Item 1 (2005)

This is a classic business situation: buying items wholesale
and selling them for a retail price.
The Math Club buys the calendars wholesale for $2.00 and
retails them for $5.00. This is a profit of $3.00 per calendar.
If they sell all 150 calendars, then they will have:
Total Profit = $3.00 per calendar * 150 calendars = $450.00.
The correct answer is Choice B.







