Five concession stands are selling snacks at the game. Total projected concession sales are $35,000. Layla, who manages one of the five concession stands, needs to recoup supply costs of $4,000 and pay her four employees $12/hour for the five-hour event before she makes profit. If she captures 22% of the total sales, what will her profit be?
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Given : Total projected concession sales are $35,000
Layla, captures 22% of the total sales
supply costs of $4,000 and pay her four employees $12/hour for the five-hour event
To Find : Profit
Solution:
Total Sales = $35000
Layla Sales = (22/100)35000 = $ 7700
supply costs of $4,000
Cost of Employees = number of employees * employee per hr cost * number of Hrs = 4 * 12 * 5
= 240 $
Total Cost = 4000 + 240 = $4240
Profit = 7700 - 4240 = $ 3460
Her Profit = $ 3460
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