Question

Marquita sells hand-knit sweaters at a handicrafts market. Each sweater sells for $50. The wool costs Marquita $30 per sweater and there is a booth fee of $25. How many sweaters must she sell to make a profit?

Answer 1

Marquita must sell at least two sweaters to make a profit. The total cost of two sweaters is $85 ($30 for the wool plus $25 for the booth fee), and the total revenue from two sweaters is $100 ($50 per sweater). Therefore, Marquita will make a profit of $15.