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Acer.com recently purchased 30 printers,...

Acer.com recently purchased 30 printers, each at $120. The store then sold the printers, to a dealer , all at the sam price. Had the store sold each printer for $10 more than what it actually did , the total profit made would have been $1800.What was the selling price of each printer ?

A

`$50`

B

`$120`

C

`$150`

D

`$170`

Text Solution

AI Generated Solution

The correct Answer is:
To find the selling price of each printer, let's break down the problem step by step. ### Step 1: Understand the Cost Price The cost price (CP) of each printer is given as $120. Since Acer.com purchased 30 printers, the total cost price for all printers is: \[ \text{Total CP} = 30 \times 120 = 3600 \] ### Step 2: Define the Selling Price Let the selling price (SP) of each printer be \( X \). Therefore, the total selling price for all printers is: \[ \text{Total SP} = 30 \times X \] ### Step 3: Calculate Profit Profit is defined as: \[ \text{Profit} = \text{Total SP} - \text{Total CP} \] Substituting the values we have: \[ \text{Profit} = (30 \times X) - 3600 \] ### Step 4: Selling Price with Increased Price According to the problem, if the store sold each printer for $10 more, the selling price would be \( X + 10 \). The new total selling price would then be: \[ \text{New Total SP} = 30 \times (X + 10) \] ### Step 5: Calculate New Profit The profit made when selling at the increased price is given as $1800. Thus: \[ \text{New Profit} = \text{New Total SP} - \text{Total CP} \] Substituting the values: \[ 1800 = (30 \times (X + 10)) - 3600 \] ### Step 6: Simplify the Equation Now, let's simplify the equation: \[ 1800 = 30X + 300 - 3600 \] \[ 1800 = 30X - 3300 \] Adding 3300 to both sides: \[ 1800 + 3300 = 30X \] \[ 5100 = 30X \] ### Step 7: Solve for X Now we can solve for \( X \): \[ X = \frac{5100}{30} = 170 \] ### Conclusion The selling price of each printer is: \[ \boxed{170} \]
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