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):
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
