Question

Gavin is selling water bottles at a baseball game to help raise money for new uniforms. Before the game, he buys 48 water bottles for a total of $18.50. At the game, he sells all of the bottles for $1.25 each. How much profit does Gavin make?

Answer 1

Explanation:

he buys 48 bottles for $18.50.

FYI : that means he gets them for

18.5/48 = $0.385416666... per bottle

he sells all 48 bottles for $1.25 per bottle.

that means the revenue (or selling income) is

48 × 1.25 = $60.00

profit is now income minus basic costs :

profit = 60 - 18.5 = $41.50