Answer:
1. 30 tubs costing $60 and 300 empty cones costing $15
2. $165
Step-by-step explanation:
1.
Cost of 1 tub = $2
each tub fills 10 cones
number of tubs required to make 300 cones= No. of cones ÷ no.of cones
filled per tub
number of tubs required to make 300 cones = 300 cones ÷ 10 cones
Number of tubs required to make 300 cones = 30 tubs
price of 1 tub = $2
price of 30 tubs = 30×2
= $60
price of each empty cone = .05c
price of 300 empty cones = .05×300
= $15
Therefore we need to but 30 tubs which will cost us $60 and the price of 300 empty cones will be $15
the total cost of producing 300 cones = $60 + $15
= $75
2.
Total profit made on the day = total sales- total cost
total sales = number of cones sold × per unit cost
= 300× .8
= $240
Total profit = $240 -$75
total profit = $165
