Question

3. Levy spent $23.75 on cooking supplies and made cupcakes to sell for the weekend event. On Saturday he sold $9.50 worth of cupcakes and on Sunday he sold $15.75 worth of cupcakes. What was Levy's overall profit or loss? Loss $ 1.50 O Profit $ 33.25 Profit $ 1.50 O Loss $ 25.25

Answer 1

Let:

P = Profit

Ts = Total sales

Te = Total expenses

`\begin{gathered} P=Ts-Te \\ Ts=9.5+15.75=25.25 \\ Te=23.75 \\ P=25.25-23.75=1.5 \end{gathered}`

---------------------------------------------------------------------------

`(3)/(11)=0.272727\approx0.27`