Problema Solution
Four concession stands are selling snacks at the game. Total projected concession sales are $23,000. One vendor needs to recoup supply costs of $2,500 and pay her three employees $10/hour for the three-hour event before she makes a profit. If she captures 18 percent of the total sales, what will her profit be?
Answer provided by our tutors
18 percent of $23,000 (the total sales) is: 0.18*23,000 = $4,140
4,140 - (2,500 + 3*10*3) = 4,140 - 3,400 = $740
The profit will be $740.