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?
-------
Your cost:: 5*10 = $50
----
Your sales revenue:: $36
----
Your profit:: -$14
-----------------------
Note:: Your "profit" was in fact a "loss".
Cheers,
Stan H.
-------------
|
|
|
