SOLUTION: YOU BUY 15 PIES AT 11.00 EACH WITH 8 SLICES IN EACH PIE AND YOU SELL EACH SLICE AT 2.00. WHAT IS THE PROFIT OR HOW DO YOU SOLVE THIS

Algebra ->  Coordinate Systems and Linear Equations  -> Linear Equations and Systems Word Problems -> SOLUTION: YOU BUY 15 PIES AT 11.00 EACH WITH 8 SLICES IN EACH PIE AND YOU SELL EACH SLICE AT 2.00. WHAT IS THE PROFIT OR HOW DO YOU SOLVE THIS       Log On


   

Question 1075278: YOU BUY 15 PIES AT 11.00 EACH WITH 8 SLICES IN EACH PIE AND YOU SELL EACH SLICE AT 2.00. WHAT IS THE PROFIT OR HOW DO YOU SOLVE THIS
Found 2 solutions by Boreal, josgarithmetic:
Answer by Boreal(15235) About Me  (Show Source):
You can put this solution on YOUR website!
You pay $165 (15*11) for the pies.
Each pie has 8 slices, and you sell each slice for $2. That is 8*$2 or $16 per pie.
$16 per pie*15 pies=$240
You paid $240 or them
$240-$165=$75 profit
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Checking it: 8 slices per pie at $2 per slice is $16 per pie which you paid $11 for. That is $5 profit per pie.
There are 15 pies.
$5*15=$75 profit

Answer by josgarithmetic(39631) About Me  (Show Source):
You can put this solution on YOUR website!
PROFIT=REVENUE-COST

Choosing the most obvious variables
REVENUE, r=15%2A8%2A2
COST, c=15%2A11
PROFIT, p=r-c------and then simply substitute and simplify.