Problema Solution
Sally is considering opening up a lemonade stand to earn some spending money over the summer. She estimates each glass of lemonade will cost her $1 to prepare for sale. What does she need to sell it for in order to make $1.50 of gross profit on each glass?
Answer provided by our tutors
Cost of lemonade = $1
Gross profit = $1.50
Net sales = ?
Gross profit = Net sales - Cost of lemonade
Net sales = Gross profit + Cost of lemonade
Net sales = $1.50 + $1.00
Net sales = $2.50
Sally needs to sell the lemonade for $2.50 per glass.