Question

"A college club is selling snow cones to raise money. In addition to paying $40 to rent space for the day, the club also had to spend $60 on a snow cone machine. The supplies to make each snow cone cost $0.10, and the club is charging $1.50 for each snow cone. Calculate the profit the club will make if they sell a certain number of snow cones."

Answer 1

To calculate the profit, subtract the total cost from the total revenue. The fixed costs are $100. The profit is given by the equation: Profit = Total Revenue - Total Cost = $1.40x - $100

Step-by-step explanation:

To calculate the profit the college club will make, we need to subtract the total cost from the total revenue. The fixed costs for renting the space and buying the snow cone machine are $40 + $60 = $100. The total cost to make each snow cone is $0.10, and the club is selling each snow cone for $1.50. Let's say they sell x number of snow cones. The total cost would be $0.10 * x, and the total revenue would be $1.50 * x. So, the profit would be:

Profit = Total Revenue - Total Cost = $1.50x - ($0.10x + $100) = $1.40x - $100