SOLUTION: Megan's Bakery recently spent a total of $559 on new equipment, and their average hourly operating costs are $15. Their average hourly receipts are $58. The bakery will soon make b

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Question 1154605: Megan's Bakery recently spent a total of $559 on new equipment, and their average hourly operating costs are $15. Their average hourly receipts are $58. The bakery will soon make back the amount it invested in equipment. What would the total expenses and receipts both equal? How many hours will that take?
The bakery's expenses and receipts will both total $__________
after_________ hours.
Answer by greenestamps(13216) About Me  (Show Source):
You can put this solution on YOUR website!


Profit per hour = Receipts per hour minus operating cost per hour = $58-$15 = $43.

Expense to be recovered = $559.

Number of hours to recover the expense = $559/$43 = 13.

Total expenses in 13 hours = $559+13($15) = $754.
Total receipts in 13 hours = 13($58) = $754.