Answer:
Profit $5700
Step-by-step explanation:
To find loss/profit you subtract the expenses from the total income
Income from sales= $16000
Franchise fee= 5% of sales income
Rent=$1250
Utilities=$450
Wages=$4800
insurance=$300
supplies=$2700
Total expenses
=$1250+$450+$4800+$300+$2700+$800=$10300
Total income
=$16000
Profit
=$16000-$10300=$5700
Answer:
<h2>We have 47% of chances to win those six bucks.</h2>Step-by-step explanation:
In this problem we need to find the probabilty of winning thos $6.
According to the problem, we win $6 if we hit one red. We know that there are 18 red compartments, 18 black compartments and 2 neither red nor blakc, for a total of 38 compartments.
We need to use the standard probabilty definition which is the ratio between the number of events and the total number of outcomes. So,
Which is equivalent to 47% of chances.
Therefore, we have 47% of chances to win those six bucks. (The Casino has the odds in their favor)