At sam’s swimming pool cleaning, sam charges each of his 85 customers $25 per week for 52 weeks of

6 answers
Question:

At sam’s swimming pool cleaning, sam charges each of his 85 customers $25 per week for 52 weeks of service every year. since pool cleaning is a service, it has no cost other than labor and supplies, which cost sam $48,000 each year.
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 explanation

Sam 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 customer

Because there are 85 customers, Sam will get total income for :

85 × $1300 = $110,500

At 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 more

Maximizing Profit:

Total Profit:

Answer details

Grade: 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

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