Mike can sell 20 glasses of lemonade for 10 cents per glass.
If he raises the price to 20 cents per glass, he estimates he can sell only 15 glasses
If so, how much more money will Mike make by charging 20 cents instead of 10 cents per glass?
Answers
first case:
total glasses =20
cost per glass= 10cents
total money earned= 200 cents
Second case:
total glasses = 15
cost per glass= 20 cents
total money earned= 300 cents
So, now he has earned 100 cents more than that of the first case
Answer:
Here in the first case, the total number of glasses is 20 and the cost per glass has been given as 10 cents and the total earned money comes out to be 200 cents.
Hence,
total glasses =
cost per glass= cents
total money earned= cents
In the second case, the total number of glasses is 15 and the cost per glass has been given as 20 cents therefore the total money earned comes out to be 300 cents.
Hence,
total glasses =
cost per glass= cents
total money earned= cents
Final Answer:
Hence, he has earned 100 cents more than that of the first case.
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