Question

Carol sells brisket for $11.59 per pound after smoking for 10 hours. She buys brisket for an AP$ of $3.51 per pound, weighing 11.4 lbs before and 6.84 lbs after smoking. What is the profit per pound?

A. $5.08
B. $7.08
C. $8.08
D. $10.08

Answer 1

To calculate the profit per pound, find the cost per pound and subtract it from the selling price per pound. The profit per pound is approximately $8.08.

Step-by-step explanation:

To calculate the profit per pound, we need to find the cost per pound and subtract it from the selling price per pound. First, let's calculate the cost per pound before smoking:

1. Original weight before smoking: 11.4 lbs
2. Original cost per pound: $3.51
3. Cost before smoking: 11.4 lbs * $3.51 = $39.954
4. Cost per pound before smoking: $39.954 / 11.4 lbs = $3.50

Now let's calculate the profit per pound:

1. Selling price per pound after smoking: $11.59
2. Cost per pound before smoking: $3.50
3. Profit per pound: $11.59 - $3.50 = $8.09 (approximately)

Therefore, the profit per pound is approximately $8.08. The answer is option C.