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A common goal of most businesses is to make a profit. Profit is the money that remains when the expenses have been subtracted from the money earned. In the next example, we will find the number of jobs a small businessman needs to do every month in order to make a certain amount of profit .
Elliot has a landscape maintenance business. His monthly expenses are $1,100. If he charges $60 per job, how many jobs must he do to earn a profit of at least $4,000 a month?
Caleb has a pet sitting business. He charges $32 per hour. His monthly expenses are $2,272. How many hours must he work in order to earn a profit of at least $800 per month?
at least 96 hours
Felicity has a calligraphy business. She charges $2.50 per wedding invitation. Her monthly expenses are $650. How many invitations must she write to earn a profit of at least $2,800 per month?
at least 1,380 invitations
Sometimes life gets complicated! There are many situations in which several quantities contribute to the total expense. We must make sure to account for all the individual expenses when we solve problems like this.
Brenda’s best friend is having a destination wedding and the event will last 3 days. Brenda has $500 in savings and can earn $15 an hour babysitting. She expects to pay $350 airfare, $375 for food and entertainment and $60 a night for her share of a hotel room. How many hours must she babysit to have enough money to pay for the trip?
Malik is planning a 6-day summer vacation trip. He has $840 in savings, and he earns $45 per hour for tutoring. The trip will cost him $525 for airfare, $780 for food and sightseeing, and $95 per night for the hotel. How many hours must he tutor to have enough money to pay for the trip?
at least 23 hours
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