High School

Cathy is selling homemade earrings. She creates the earrings for a cost of $2 per pair and can sell them for $15 per pair. Assume she sells 20 pairs of earrings in one day. Given this information match the terms with the appropriate dollar amounts. $2x20=$40=____Total revenue $15x20=$300=____Total cost $300-$40=$260____Profit

Answer :

Final answer:

Cathy's total revenue is $300 and her total cost is $40, resulting in a profit of $260.

Explanation:

Cathy's total revenue can be calculated by multiplying the selling price of $15 per pair by the number of pairs sold, which is 20. Thus, her total revenue is $300.

Her total cost can be calculated by multiplying the cost of creating each pair of earrings, which is $2, by the number of pairs sold, which is 20. Therefore, her total cost is $40.

To calculate profit, we subtract the total cost from the total revenue. Therefore, Cathy's profit is $300 - $40 = $260.

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