Question

Acme washed 130 cars last month, charging $10 per car. The only expenses were $93 for utilities, $300 for wages, and $41 for soap. What is Acme's income or loss this month?

a) $886
b) $966
c) -$50
d) $50

Answer 1

Acme car wash's income was calculated by subtracting the total expenses of $434 from the total revenue of $1,300, resulting in an income of $866. The provided options do not include this correct answer.

Step-by-step explanation:

The correct income calculation for Acme Car Wash involves subtracting the total expenses from the revenue earned by washing cars. Given a revenue of $10 per car for 130 cars, the total revenue is $1,300 (130 cars * $10 per car). The expenses consist of $93 for utilities, $300 for wages, and $41 for soap, totaling $434 in expenses.

The accurate income calculation is as follows:

\[ \text{Income} = \text{Total Revenue} - \text{Total Expenses} \]

\[ \text{Income} = $1,300 \text{ (Total Revenue)} - $434 \text{ (Total Expenses)} \]

\[ \text{Income} = $866 \]

Therefore, the correct income for Acme Car Wash is $866. It appears there might be confusion or an error in the options provided, as the correct income is indeed $866. This calculation represents the profit or loss generated by the car wash after accounting for all relevant expenses. In this case, Acme Car Wash has earned a net income of $866 after deducting its total expenses from the revenue generated by washing cars.