Question

At his comic book store, Korey’s Comics, Korey sells approximately $3,250 in comic books each month. But as a comic book dealer, Korey only pays $1,285 for these comic books. Korey’s monthly operating expenses, including labor, are $875. Calculate Korey’s monthly net income.
a. $1,090
b. $1,965
c. $2,375
d. $2,840

Answer 1

Answer:

(A) $1,090

Step-by-step explanation:

Answer 2

We will see that the net income at the comic store is $1,090, so the correct option is a.

What is Korey's net income?

The net income will be the difference between how much money enters the store and how much he needs to pay.

We know that each month he gets $3,250.

And he must pay $1,285 for the comics and $875 in expenses, so the net income is:

N = $3,250 - $1,285 - $875 = $1,090

We conclude that the net income is $1,090, so the correct option is a.

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