Gavin is selling water botiles at a baseball game to help raise money for new uniforms. Before the game, he buys 48 water botties for a total of \( \$ 18.50 \). At the game, he sells all of the bottles for \( \$ 1.25 \) each. How much profit does Gavin make?
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Extra Insights
Gavin's total revenue from selling the water bottles is calculated by multiplying the number of bottles sold by the selling price per bottle. So, \( 48 \times 1.25 = \$ 60.00 \). Now, to find the profit, we subtract the total cost from the total revenue. Thus, \( 60.00 - 18.50 = \$ 41.50 \). So, Gavin makes a profit of \( \$ 41.50 \). To maximize profits for future sales, Gavin could consider factors such as location and timing. Selling during high-traffic times or special events could increase sales volume. Also, he might explore bundling deals or offering incentives for buying multiple bottles, which can attract more customers looking for value!
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