SOLUTION: Ed is selling large wreaths at 20$. The cost to make a large wreath is 7.85$. If ed is only limited to making 20 large wreaths, how much profits would he earn?
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Question 391057: Ed is selling large wreaths at 20$. The cost to make a large wreath is 7.85$. If ed is only limited to making 20 large wreaths, how much profits would he earn?
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!
There is no way to tell the profit. You told us how many wreaths he MADE, but not how many he SOLD.
If he made 20 wreaths at a cost of $7.85 each for a total cost of $157, and sold NONE of them for a total revenue of $0, then his profit would be negative $157.
On the other hand if he sold all of them at $20 each he would have a total revenue of $400, and revenue minus cost = profit.
John
My calculator said it, I believe it, that settles it
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