SOLUTION: You pay $5 each for 10 boxes of candles to sell at a summer fund-raiser. After you sell 3 boxes of candles, you notice that the candles in the remaining boxes have melted in the ho

Question 1075747: You pay $5 each for 10 boxes of candles to sell at a summer fund-raiser. After you sell 3 boxes of candles, you notice that the candles in the remaining boxes have melted in the hot sun. If you raised $36 from selling the first 3 boxes, what is your profit?

Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
You pay $5 each for 10 boxes of candles to sell at a summer fund-raiser. After you sell 3 boxes of candles, you notice that the candles in the remaining boxes have melted in the hot sun. If you raised $36 from selling the first 3 boxes, what is your profit?
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Your cost:: 5*10 = $50
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Your sales revenue:: $36
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Your profit:: -$14
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Note:: Your "profit" was in fact a "loss".
Cheers,
Stan H.
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