Question

Richard's Bakery recently spent a total of $594 on new equipment, and their average hourly operating costs are $5. Their average hourly receipts are $23. The bakery will soon make back the amount it invested in equipment. How many hours will that take? What would the total expenses and receipts both equal?

Answer 1

33 Hours.

Explanation:

Their hourly receipts are $23, and their hourly operating costs are $5. So you would subtract the hourly receipts from the hourly operating costs.

23 - 5 = 18

Then you would take the new number and divide the money spent on equipment by the money earned an hour.

594 / 18 = 33

Hope this helps! :)