At sam’s swimming pool cleaning, sam charges each of his 85 customers $25 per week for 52 weeks of
Question:
calculate sam’s annual gross profit.
a.
$2,125
b.
$4,420
c.
$62,500
d.
$110,500
Answers
Sam’s annual gross profit is C. $62,500.
Further explanationSam charges each of his customers $25 per week for 52 weeks of service every year. It means that for one customer, Sam will get :
$25 × 52 = $1300 → for each of customerBecause there are 85 customers, Sam will get total income for :
85 × $1300 = $110,500At last, we could calculate Sam's annual gross profit.
Annual Gross Profit = Total Income - Total Cost
Annual Gross Profit = $110,500 - $48,000
Annual Gross Profit = $62,500Learn moreMaximizing Profit:
Total Profit:
Answer detailsGrade: High School
Subject: Mathematics
Chapter: Profit and Loss
Keywords: Profit, Loss, Annual, Gross, Labor, Supplies, Service
c...
Step-by-step explanation:
$ 62,500
Explanation:
1. calculating weekly revenue: 85 clientX25 dollars
85x25=2,125.00
2. Annual income: 2, 125x52=110,500 dollars.
3. Annual expenses: =48,000 dollars
4. Annual revenue: revenue - expenses=62,500.00
Annual income dollars: 62,500.00
C
Step-by-step explanation:
Annual Gross Profit is Revenue - Cost
Sam's Revenue comes from service fee that he charges customers. Sam's revenue for 1 customer is:
25 per week for 52 week = 25 * 52 = 1300 per year
Sam has 85 customers, so total revenue would be:
1300 * 85 = $110,500
Sam's cost is 48,000 per year from pool cleaning.
Thus,
Annual Gross Profit = 110,500 - 48,000 = $62,500
C is the correct answer.
the answer is $62,500
Step-by-step explanation:
1. you first multiply $25 by 85 people
2. you multiply the answer by 52 weeks
3. then subtract 48,000 sa the labor
1. $25×85=2,125
2. ans×52=110,500
3. ans-48,000=62,500
The correct answer to this question on edgen is
D. $110,500