Herbert plans to use the earnings from his lemonade stand according to the table above, for the first month of operations. If he
buys $70 worth of lemons, how much profit does he take home?
2 answers:
The table is included below
Based on the table, we can observe that the cost of lemons contributes to 35% of the expenses.
Let x represent the expenses; hence, the lemon cost is 70.
The lemon cost is 35% of x.
So, 70 = 35% of x (where 35% = = 0.35).
Thus, 70 = 0.35 * x.
Solving that gives us x =
x = 200, meaning the expense is $200.
Given that the profit margin is 15% = = 0.15,
we calculate profit as the product of the profit percentage and expenses.
Profit equals 0.15 * 200 = 30.
Therefore, the profit amounts to $30
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Answer:
Michael purchases 60 kg of dark chocolate alongside 40 kg of milk chocolate.
Step-by-step explanation:
Let d signify the kilograms of dark chocolate bought by Michael and m signify the kilograms of milk chocolate he acquires.
He must acquire a total of 100 kg of chocolate, thus
With dark chocolate priced at $12 per kg, the cost for d kg would be $12d. The price of milk chocolate is $10 per kg, indicating the cost for m kg is $10m. Michael intends to spend $1,120 on the chocolate, therefore
Taking the first equation
By inserting this into the second equation:
Michael ends up buying 60 kg of dark chocolate and 40 kg of milk chocolate.