Marcelino bought balloons to sell at lunches to raise money for charity.ItemCostThirty Balloons$22.50Ribbon$7.50Helium Tank Rental$15.00Marcelino claims he will raise a lot of money by selling each balloon for $1.25. Which statement is true about the amount of money he will make if he sells all of the balloons?
Answer
A
Marcelino will only make a profit of $7.50; each balloon costs $1.50, so he’s making $.25 on each balloon.
B
Marcelino will break even; his cost will equal his profits.
C
Marcelino will have –$7.50; his costs are more than his profits.
D
Marcelino will raise $45.00; each balloon raises $1.50.
Explanation
Marcelino’s total costs are $22.50 + $7.50 + $15.00 = $45.00. Selling 30 balloons for $1.25 each brings in 30 × $1.25 = $37.50. Subtracting costs from the money brought in gives $37.50 − $45.00 = −$7.50, so he loses $7.50; this matches “Marcelino will have –$7.50; his costs are more than his profits.”
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