Jim is selling wallets. It costs him $5 each week for an online advertisement. He buys each wallet for $1.00 and sells each one for $2.50. Write an equation to model the amount of profit, P, Jim makes

Jim is selling wallets. It costs him $5 each week for an online advertisement. He buys each wallet for $1.00 and sells each one for $2.50. Write an equation to model the amount of profit, P, Jim makes from selling x wallets in one week. P = 1.5x − 5

P = x − 5
P = 0.5x − 5
P = 5x + 1.5

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