SOLUTION: Red Carpet Catering served food at a town picnic. Each plate of food costs the company $0.85 to produce and is sold for $2.00. Red Carpet Catering made $549.70 in profits. Find

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: Red Carpet Catering served food at a town picnic. Each plate of food costs the company $0.85 to produce and is sold for $2.00. Red Carpet Catering made $549.70 in profits. Find       Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


   



Question 1094251: Red Carpet Catering served food at a town picnic. Each plate of food costs the company $0.85 to produce and is sold for $2.00. Red Carpet Catering made $549.70 in profits. Find the number of plates of food sold?


Answer by richwmiller(17219) About Me  (Show Source):
You can put this solution on YOUR website!
profit=revenue-cost
2.00-.85=1.15
549.70=1.15p
549.70/1.15=p
p=478