Step-by-step explanation
They sold $480 of tshirts, the ratio is 480;20, simplified to 24:1.
One shirt is $20, but $4 is the amount taken from 20 for the equipment.
Multiply $24 by the $4 taken for the equipment. (Equals $96)
They make 4/20 (1/5) of the the sales as a profit for equipment.
Multiply 1/5 by 480 and you will get $96 as the club's profits.
I hope this helped ya
The chess club needs 20 T-shirts and 30 baseball caps.
Profit is a term that often refers to the financial gain that a company receives when revenue exceeds costs and expenses. A child at a lemonade stand, for example, spends one quarter to make one cup of lemonade. She then charges $2 for the drink. Her profit on a cup of lemonade is $1.75.
Given :
Total no. of items to be sold = 50
Total profit to be made = $230
Profit on each T-shirt = $4
Profit on each Baseball cap = $5
Let no. of t-shirts be x
Let no. of t-shirts be y
Forming equations according to given problem :
Eq 1 : x + y = 50
Eq 2 : 4x + 5y = 230
Multiplying Eq 1 with 4 we get : 4x + 4y = 200
Subtracting Eq 1 from Eq 2
Solving Eq1 and Eq2 we get x = 20 and y = 30.
Therefore, The chess club needs 20 T- shirts and 30 baseball caps.
To learn more about profits, refer to :
https://brainly.com/question/1078746
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