Question

You are selling muffin baskets to raise money for your club. Each empty basket will cost $2.50 to purchase and you will fill it with muffins you have baked. You have spent $75 on muffin mix ingredients. If you sell your muffin baskets for $7.50 each, how many will you need to sell before you will begin making a profit?

Answer 1

Answer:you need to sell 25 muffin baskets before you will begin to make profit

Explanation:

Let x represent the number of muffin baskets that you fill.

Each empty basket will cost $2.50 to purchase and you will fill it with muffins that you have baked.

You have spent $75 on muffin mix ingredients.

Total cost of x baskets filled with baked muffins is

2.5x + 75

If you sell your muffin baskets for $7.50 each, then total amount received for x muffin baskets would be 7.5x

At the point where you begin to make profit,

2.5x + 75 = 7.5x

7.5x - 2.5x = 75

5x = 75

x = 15