Write a system of equations to describe the situation below, solve using substitution, and fill in the blanks. Craig’s Bakery recently spent

Question

Write a system of equations to describe the situation below, solve using substitution, and fill in the blanks. Craig’s Bakery recently spent a total of $311 on new equipment, and their average hourly operating costs are $9. Their average hourly receipts are $10. The bakery will soon make back the amount it invested in equipment. How many hours will that take? What would the total expenses and receipts both equal?

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Vodka 5 months 2021-08-24T00:51:20+00:00 1 Answers 3 views 0

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    2021-08-24T00:52:59+00:00

    Answer:

    a. 311 hours

    b. i. $3,100 in receipts  

       ii. $2,799 in expenses.

    Step-by-step explanation:

    a. The company is making $10 per hour and spending $9 an hour. Their profit is therefore:

    = 10 – 9

    = $1 per hour

    Since they spent $311 on the new equipment, the amount of time it would take for them to make this back is:

    = 311 / 1

    = 311 hours

    b. In 311 hours, the total receipts would be:

    = 311 * 10

    = $3,110

    The expenses would be:

    = 311 * 9

    = $2,799

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