Question

Sid and Libby are planning to sell pies at a local fair. They spend $200 to rent a table at the fair. Their costs for ingredients, other supplies, baking, and packaging are $3.00 per pie. Sid and Libby plan to sell the pies for $8 each. How many pies must they sell at the fair before they start making profit

Answer 1

Sid and Libby are planning to sell pies at a local fair.
=> $200 to rent a table at the fair.
=> $3.00 per pie costs for ingredients, other supplies, baking, and packaging
They plan to sell the pies for $8 each.
Let's find out how many pies will they be selling inorder to gain profit
=> 200 + 3.00(n) = 8(n), where n is the number of pie.
Let's try 40
=> 200 + 3(40) = 8 (40)
=> 320 = 320
=> 200 + 3(41) = 8 (41)
=> 323 = 328
Thus, in their 41st pie, they will get a profit