James spends $10 on supplies for a lemonade stand and sells $30 worth of lemonade What was his profit?
$20
To calculate James' profit, we need to subtract his expenses from his revenue.
1. Revenue: James sells $30 worth of lemonade.
2. Expenses: James spends $10 on supplies for the lemonade stand.
To find the profit, subtract expenses from revenue:
Profit = Revenue - Expenses
Profit = $30 - $10
Profit = $20
Therefore, James' profit from the lemonade stand is $20.
To determine James' profit, we need to calculate the difference between the total amount he earned and the total amount he spent.
1. Total Spent: James spent $10 on supplies.
2. Total Earnings: James sold $30 worth of lemonade.
To find the profit:
Profit = Total Earnings - Total Spent
Substituting the values:
Profit = $30 - $10
Profit = $20
Therefore, James' profit from the lemonade stand is $20.