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Hi-Tech Inc. has several outdated computers that cost a total of $17,800 and could be sold as scrap for $4,600. They could be updated for an additional $2,400 and sold. If Hi-Tech updates the computers and sells them, net income will increase by $9,000.
-At what price were the updated versions sold?
A) $26,800
B) $13,200
C) $13,600
D) $16,000

Question

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Hi-Tech Inc. has several outdated computers that cost a total of $17,800 and could be sold as scrap for $4,600. They could be updated for an additional $2,400 and sold. If Hi-Tech updates the computers and sells them, net income will increase by $9,000.
-At what price were the updated versions sold?
A) $26,800
B) $13,200
C) $13,600
D) $16,000

Quizplus · Accepted Answer

The total cost of the outdated computers is:
$17,800 - $4,600 = $13,200
Updating the computers will cost an additional $2,400, making the total cost for updated computers:
$13,200 + $2,400 = $15,600
Selling the updated computers will result in a net income of $9,000, so the selling price will be:
$15,600 + $9,000 = $24,600
Therefore, the correct answer is choice D.

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