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March 29, 2015

Homework Help: Math: profits and costs

Posted by edtan on Thursday, June 28, 2012 at 11:21am.

Anne and Carol conducted a cooking class. They collected $375 from the participants as registration fees. They used $180 of this money to pay for rental of the kitchen. Carol took the remainder of $195 and $205 of her own money for Anne to buy food. Anne spent $351 (she has $49 leftover which she has not returned to Carol). Carol also paid $33 for stationery out of her money. The participants then paid a further $2330 to attend the class. If Anne and Carol were to share the profits and costs equally, how much should they each get?

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