153k views
1 vote
If tom sells 500 sandwiches for $7 and has an average cost of $5, what is his profit?

1 Answer

2 votes
He bought them for 5 dollars each, and there were 500 of them.
5 * 500 = 2500
He sold them for 7 dollars each,
7 * 500 = 3500

3500-2500 = 1000

He made $1,000 profit off his sandwiches.

Hope this helps!
User Alex Lang
by
6.3k points