As a concession manager for a local Little League Baseball organization, you are responsible for ordering hot dogs for the upcoming weekend games. You can purchase hot dogs for $0.75 each and sell them during the games for $2.50. Any unsold hot dogs can be returned to the supplier for a $0.25 credit. If you purchase 400 hot dogs and demand is 600 hot dogs over the weekend, the profit will be _______ .
A)- $125
B)$700
C)$150
D)$350

Question

Quizplus · Accepted Answer

The profit is calculated by considering the revenue from selling 400 hot dogs at $2.50 each, minus the cost of purchasing 400 hot dogs at $0.75 each. The profit is (400 * $2.50) - (400 * $0.75) = $1000 - $300 = $700.

As a Concession Manager for a Local Little League Baseball