Question

At a bake sale, Tia and Jaden earned $147 from the cookies they had sold. Then they paid Tia’s mother back $18 for materials to make the cookies. After the children paid Tia’s mother back for materials, how much did they earn at the bake sale

Answer 1

Answer: The total profit is $129

Explanation:

The total revenue, was $147 (the total they earned), and the cost of the materials is $18 (how much they returned for the materials)

The total profit is computed as the difference between the revenue and the costs, then the total profit of the kids in this case is:

Profit = $147 - $18 = $129

This means that Tia and Jaden earned $129, if they divide it evenly, each one of them gets $129/2 = $64.5