ok i sell candy and today i made 34.50 at school but i took 10 one dollar bills and 1.25 in quarters...i think i made 23.25 but i am not sure .... at the end of the day all the 10 dollar bills were gone bc i changed them for a 5 that means i changed 5 ones for atleast 2 5s...i am soooo confused please just tell me how much i made today
2006-10-03 12:48:20 · 6 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
If you took $11.25 to school in ones and quarters so you could make change and ended up with a total of $34.50 simply subtract the 11.25 from the 34.50 which equals 23.25. Subtract from the 23.25 what it cost you to get the candy in the first place and what is left over is your profit for the day. Start bringing a little pocket notepad with you each day. Write down the amount of money you brought for change, the amount of candy you brought, what it cost you for each item of candy and how much you're going to charge for each item. that way you will start having a record of your daily business.
2006-10-03 13:14:55 · answer #1 · answered by Dale P 6 · 0⤊ 0⤋
If you came back with $34.50
and if you started with $11.25
and if you did not spend any money any place else,
then as you said, you made $23.25 (that is, 34.50 - 11.25.)
And remember, that the $23.25 is not purely money that you "made" since you also had to purchase the candy to begin with. So, the true amunt of money you made should be 23.25 minus [the cost of the candy you sold today]
Hope this helps!
2006-10-03 12:57:53 · answer #2 · answered by norcalirish 4 · 0⤊ 0⤋
Cool!! My friends and I used to do this- it was fun- and we made pretty good money for being a kid!! Way to go!!
34.50-11.25=23.25.
BE CAREFUL changing bills around- that is where you got messed up. I have no clue where to go after the $23.25.
2006-10-03 12:58:04 · answer #3 · answered by rottymom02 5 · 0⤊ 0⤋
From your question I gather you had 23.25 in gross sales
Tomorrow:: Count how many candies you bring to school
Count how many you have left after school
then figure out
# of candies sold x price of candy=gross sales
Gross sales- cost(candies)= profit
Counting dollar bills will drive you crazy, this method is what professionals use.
2006-10-03 13:06:33 · answer #4 · answered by MarshaMarsha 3 · 0⤊ 0⤋
You shouldn't be selling candy at school anyway, and especially if you can't do the math. 23.25 sounds right, but you have to take out the cost of the candy bar to figure out your profit.
2006-10-03 12:51:03 · answer #5 · answered by Don't Know 3 · 0⤊ 1⤋
First you have to take out the money you paid for the candy. You should not be selling at school, you could get caught and get in huge trouble.
2006-10-03 12:51:51 · answer #6 · answered by tnicole1095 1 · 0⤊ 1⤋