Question

Jim is selling hot dogs at a ball game. It cost Jim $250 to purchase everything to make the hot dogs. Jim sells hot dogs for $2.00 each. If he sells hot dogs, write the equation that models his profit?
Do not use spaces in your answer. You must use P and h for this equation as the variables.

Answer 1

how many hotdoys does he sell?

Answer 2

250-2x i guess
x being the number of hotdogs sold

Answer 3

you there?

Answer 4

you guess ?

Answer 5

do you have any idea on how many hotdogs where sold?

Answer 6

cause basically just put that value in place of x and you get the profit

Answer 7

It does not say

Answer 8

but i am assuming you have to make an equation so i put x in there

Answer 9

P=250-2h

Answer 10

that looks right , I'll try it

Answer 11

good luck

Answer 12

we got a pro

Answer 13

Profit = revenue - cost
His cost is $250 to buy the hot dogs and everything he needs
Revenue = number of hot dogs sold * sales price per hot dog

If we let \(h\) be the number sold, revenue = \(2.00 h\)
Profit will be given by \[P = 2.00h - 250\]
If he doesn't sell any, then his profit is -250 — the cost of all the hot dogs and so on.
If he sells 125 hot dogs, his profit is 2*125 - 250 = 0 — he breaks even
If he sells more than 125 hot dogs, he turns a profit.

Answer 14

see how that fits together?

Answer 15

ohhhhh. That makes more sence! thanks for the explanation.

Answer 16

They probably want "P=2h-250" as the form of the answer.

Answer 17

"sense" :-)

Answer 18

Always good after you build an equation to test it out and see if the results make sense. In this case, the earlier P=250-2h looks promising, until you realize that it starts out with a $250 profit before you sell any hot dogs, and you make less and less money as you sell more hot dogs :-)

Answer 19

Which is not to say that unskilled business practitioners never unintentionally do that! :-)

Answer 20

lol