Question

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 1

Find 18% of 23000
answer = 4140

Answer 2

Revenue= $23,000 x 0.18 = $4,140

Profit = Revenue - Expenses

$4,140 - $2,500-(3employees x 3 hours x $10/employee/hour) = 1,550

$1,550