You own a coffee shop where you can buy bagels from a vendor for $1.45 each and sell them for $1.85 each. Unsold bagels are discarded. Over

Question

You own a coffee shop where you can buy bagels from a vendor for $1.45 each and sell them for $1.85 each. Unsold bagels are discarded. Over the past 10 days, you purchased 40 bagels each day and sold 40 bagels for 4 days and 30 bagels for 6 days. Calculate the potential profit to be made if you order 40 bagels, but only sell 30.

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Latifah 3 years 2021-07-31T15:16:07+00:00 1 Answers 7 views 0

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  1. giabao
    0
    2021-07-31T15:17:46+00:00
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    Answer:

    $-2.50

    Step-by-step explanation:

    Profit = total revenue – total cost

    total revenue = selling price x amount sold

    = 1.85  x 30 = $55.50

    total cost = cost price x amount purchased

    1.45 x 40  = $58

    Profit = 58 – 55.5 = $2.50

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