SOLUTION: YOU BUY 15 PIES AT 11.00 EACH WITH 8 SLICES IN EACH PIE AND YOU SELL EACH SLICE AT 2.00. WHAT IS THE PROFIT OR HOW DO YOU SOLVE THIS

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Question 1075278: YOU BUY 15 PIES AT 11.00 EACH WITH 8 SLICES IN EACH PIE AND YOU SELL EACH SLICE AT 2.00. WHAT IS THE PROFIT OR HOW DO YOU SOLVE THIS
Found 2 solutions by Boreal, josgarithmetic:
Answer by Boreal(15235)   (Show Source): You can put this solution on YOUR website!
You pay $165 (15*11) for the pies.
Each pie has 8 slices, and you sell each slice for $2. That is 8*$2 or $16 per pie.
$16 per pie*15 pies=$240
You paid $240 or them
$240-$165=$75 profit
----------------------
Checking it: 8 slices per pie at $2 per slice is $16 per pie which you paid $11 for. That is $5 profit per pie.
There are 15 pies.
$5*15=$75 profit

Answer by josgarithmetic(39631)   (Show Source): You can put this solution on YOUR website!


Choosing the most obvious variables
REVENUE,
COST,
PROFIT, ------and then simply substitute and simplify.

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