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?

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Business

Lillie Nunez

2 May, 06:14

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?

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Jenna Wilkerson · Answer 1

Her profit will be $1610 (Calculation : $1610 = $4140 - ($2500+$30)) from the concession selling stand. The profit can be calculated by subtracting the actual sales with the total expense. She only captured 18% of the total projected sales which is $4140 (18%*$23,000) and she disbursed $2500 for paying the vendor and $30 for the employee salary.