Question

JoJo is selling lemonade at the baseball game. It costs him $0.10 on lemons, $0.15 on water, and $0.25 on sugar to make one bottle of lemonade. He sells a bottle for $1.50. If JoJo sold 100 bottles of lemonade at the game, what was his profit?

a) $10.00
b) $20.00
c) $30.00
d) $40.00

Answer 1

JoJo's profit from selling 100 bottles of lemonade at the baseball game is $50.00.

Step-by-step explanation:

To calculate JoJo's profit, we need to subtract his total costs from his total revenue. JoJo sells each bottle of lemonade for $1.50. His total cost to make one bottle is $0.10 (lemons) + $0.15 (water) + $0.25 (sugar) = $0.50. Therefore, his profit for one bottle is $1.50 - $0.50 = $1.00.

If JoJo sold 100 bottles, his total revenue would be $1.00 x 100 = $100.00. His total cost would be $0.50 x 100 = $50.00. To calculate his profit, we subtract his total cost from his total revenue: $100.00 - $50.00 = $50.00.

Therefore, JoJo's profit from selling 100 bottles of lemonade at the baseball game is $50.00.