Question 979010: To make a gallon of punch a restaurant uses 1 lb. of sugar, 1 qt of orange juice, and 3 qts of soda water. Sugar costs $1.25 for a 5 lb. bag, orange juice is $2.00 a gallon, and soda water is $1.00 a gallon. They sell the punch for .50 per glass, and get 16 glasses from a gallon. How much profit from the punch did they make in a week they sold 12 gallons?
Answer by solver91311(24713)   (Show Source):
You can put this solution on YOUR website!
If sugar is a buck and a quarter for five pounds, then sugar costs $0.25 per pound. Since there is one pound in a gallon of punch, the cost per gallon for the sugar is $0.25.
Four quarts to the gallon, so OJ costs $0.50 per quart and it takes one quart to make a gallon of punch, so $0.50 per gallon of punch for the OJ.
Buck a gallon for soda water, so $0.25 per quart for soda water. Three quarts of soda water per gallon of punch, so $0.75 per gallon of punch for the soda.
All together it costs 0.25 + 0.50 + 0.75 or $1.50 per gallon to make the punch.
16 glasses per gallon at $0.50 per glass is $8.00 per gallon revenue.
Profit equals Revenue minus Cost. You should be able to finish on your own.
John
My calculator said it, I believe it, that settles it
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