Joe Bought a DVD at Super Pawn for $2 dollars, he sold it on eBay for $5 dollars
The cost of listing the DVD on eBay for sale was 5 cents.
The cost to ship the dvd with USPS was $1.92
The final value fee for selling the DVD on ebay cost him 13% of the sale price.
The cost of the envelope he used to ship the DVD in was 14 cents (8 for $1.08)
What was Joes profit or loss for the sale?
The cost of listing the DVD on eBay for sale was 5 cents.
The cost to ship the dvd with USPS was $1.92
The final value fee for selling the DVD on ebay cost him 13% of the sale price.
The cost of the envelope he used to ship the DVD in was 14 cents (8 for $1.08)
What was Joes profit or loss for the sale?
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First, let us figure out how much it costed Joe to sell the DVD.
The cost for Joe to sell the DVD is the sum of the cost to list the DVD, the cost to ship it, the final value fee, and the cost of the envelope used. The final value fee was 13% of the sale price, so the final value fee is (5.00)(0.13) = $0.65. Then, the sum of all fees is:
$0.05 + $1.92 + $0.65 + $0.14 = $2.76.
Joe would of made $5 - $2 = $3 off of the DVD if there were no fees involving in selling it, but with $2.76 in fees, he made $3 - $2.76 = $0.24.
I hope this helps!
The cost for Joe to sell the DVD is the sum of the cost to list the DVD, the cost to ship it, the final value fee, and the cost of the envelope used. The final value fee was 13% of the sale price, so the final value fee is (5.00)(0.13) = $0.65. Then, the sum of all fees is:
$0.05 + $1.92 + $0.65 + $0.14 = $2.76.
Joe would of made $5 - $2 = $3 off of the DVD if there were no fees involving in selling it, but with $2.76 in fees, he made $3 - $2.76 = $0.24.
I hope this helps!
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I can't promise that this will be right but I got a 65 cent profit.