Question

Ryan and Carlos decided to sell their cups of hot chocolate for $2.75. They sold 12 cups. They spent $9.45 on supplies that they will need to pay back to the bank.

How much profit did Ryan and Carlos make?

Answer 1

$23.55

Explanation:

First we will need to determine the total amount of sales Ryan and Carlos made. To do that we will multiply the amount of products sold by the product cost.

$2.75 x 12 = $33

Now we need to deduct the cost of supplies they need to pay back from their profits.

$33- $9.45= $23.55

Now we are left with Ryan and Carlos' total profit, which is $23.55