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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?

Ask by Huang Peterson. in the United States
Feb 20,2025

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Answer

Gavin makes a profit of $41.50 from selling the water bottles.

Solution

To find the profit Gavin makes, we need to calculate the total amount of money he makes from selling the water bottles and then subtract the cost of the bottles. Given: - Gavin buys 48 water bottles for a total of $18.50. - He sells all the bottles for $1.25 each. Let's calculate the profit Gavin makes: 1. Calculate the total amount of money Gavin makes from selling the water bottles: Total money made = Number of bottles sold * Price per bottle Total money made = 48 * $1.25 2. Calculate the profit Gavin makes: Profit = Total money made - Cost of bottles Profit = (48 * $1.25) - $18.50 Now, let's calculate the profit Gavin makes. Calculate the value by following steps: - step0: Calculate: \(48\times 1.25-18.5\) - step1: Multiply the numbers: \(60-18.5\) - step2: Subtract the numbers: \(41.5\) Gavin makes a profit of $41.50 from selling the water bottles.

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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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