SOLUTION: Alicia and Cassie start a tutoring business. They rent office space for $500 per month and charge their students $35 per hour. If they have 20 students per hour each week, What is

Algebra ->  Test -> SOLUTION: Alicia and Cassie start a tutoring business. They rent office space for $500 per month and charge their students $35 per hour. If they have 20 students per hour each week, What is       Log On


   

Question 1074433: Alicia and Cassie start a tutoring business. They rent office space for $500 per month and charge their students $35 per hour. If they have 20 students per hour each week, What is their monthly profit? (Assume 4 weeks per month.)
Answer by Theo(13342) About Me  (Show Source):
You can put this solution on YOUR website!
rent is 500 for the month.
they charge their students 35 per hour.
they have 20 students each week.
their profit is?

there are 4 weeks in the month.

therefore, they have 80 students each month.

the revenue formula becomes r = 35 * x.
the cost formula becomes c = 500
the profit formula becomes p = 35 * x - 500

since x = 80, the profit formula becomes p = 35 * 80 - 500.
simplify to get p = 2800 - 500.
solve for p to get p = 2100 per month.
that's their profit.