Manhattan Prep
Andrew sells vintage clothing at a flea market at which he pays $150 per day to rent a table plus $10 per hour to his assistant. He sells an average of $78 worth of clothes per hour. Assuming no other costs, which of the functions below best represents profit per day, \(P\), in terms of hours, \(h\), that the flea market table is open for business?
A. \(P(h)=238-10h\)
B. \(P(h)=72-10h\)
C. \(P(h)=68h-150\)
D. \(P(h)=78h-160\)
E. \(P(h)=-160h+78\)
OA C
Target Test Prep is 20% off right now!
Use code FLASH20
Available with Beat the GMAT members only code
MORE DETAILS
Andrew sells vintage clothing at a flea market at which he pays $150 per day to rent a table plus $10 per hour to his...
This topic has expert replies
-
deloitte247
- Legendary Member
- Posts: 2214
- Joined: Fri Mar 02, 2018 2:22 pm
- Followed by:5 members
Cost of renting a table = $150
Cost of paying assistant = $10 per hour
Sales = $78 per hour
Assuming no other cost
Profit per hour = sales -total costs
=78h - ( 150 + 10h )
=78h - 150 - 10h
=68h - 150
Answer = c
Cost of paying assistant = $10 per hour
Sales = $78 per hour
Assuming no other cost
Profit per hour = sales -total costs
=78h - ( 150 + 10h )
=78h - 150 - 10h
=68h - 150
Answer = c
AAPL wrote: ↑Sat Feb 15, 2020 4:20 pmManhattan Prep
Andrew sells vintage clothing at a flea market at which he pays $150 per day to rent a table plus $10 per hour to his assistant. He sells an average of $78 worth of clothes per hour. Assuming no other costs, which of the functions below best represents profit per day, \(P\), in terms of hours, \(h\), that the flea market table is open for business?
A. \(P(h)=238-10h\)
B. \(P(h)=72-10h\)
C. \(P(h)=68h-150\)
D. \(P(h)=78h-160\)
E. \(P(h)=-160h+78\)
OA C
His fixed cost = $150
P(h)= earnings - cost(fixed + variable)
P(h)=78h - (150 + 10h)
P(h)=68h-150
Regards!
