What is the profit equation be if it cost you $2 to make a sandwich and you sell it for $5 with x = # of students?(1 point) Responses p = 2x p = 2x p = 5x + 2x p = 5x + 2x p = 5x - 2x p = 5x - 2x p = 5 - 2
The profit equation would be p = 5x - 2, where p represents the profit and x represents the number of students.
The profit equation in this scenario can be calculated by subtracting the cost from the selling price.
Profit (p) = Selling Price - Cost
p = 5x - 2
So, the correct response is p = 5x - 2.
The profit equation represents the profitability of a business, which is calculated by subtracting the cost of producing an item from its selling price. In this case, the cost of making a sandwich is given as $2 and the selling price is $5.
To calculate the profit equation, we need to consider the variable representing the number of students, which is given as 'x'. This means that the profit will depend on the number of students.
The profit equation can be derived as follows:
Profit = Selling price - Cost of production
Profit = $5 - $2
Profit = $3
However, since the profit is also dependent on the number of students, we include 'x' in the equation. Therefore, the correct answer is:
p = 5x - 2
This equation represents the profit, p, in terms of the number of students, x.