February 27, 2017

Homework Help: Math

Posted by Nena on Saturday, June 1, 2013 at 1:49am.

Michael Reeves, an ice cream vendor, pays $17.50 for a five-gallon container of premium ice cream. From this quantity he sells 80 scoops at $0.90 per scoop. If he sold smaller scoops, he could sell 98 scoops from the same container; however, he could charge only $0.80 per scoop. If Michael switches to the smaller scoops, by how much will his profit per container go up or down? (Profit = Sales – Expenses)

Using your answer from the questions above, by what percent will the profit change? (Round to the nearest tenth of a percent.)

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