A slushy representative convinces you to lease a machine for $200 per month. You discover that you are selling $900 per month of slushies at a margin of 30%. Are you making money on the machine?

Question

Mathematics

Gaige Spencer

8 March, 18:26

A slushy representative convinces you to lease a machine for $200 per month. You discover that you are selling $900 per month of slushies at a margin of 30%. Are you making money on the machine?

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Answers (2)

Know the Answer?

Maxim Roberson · Answer 1

If it cost $200 per month and you are makeing $900 per month you are making money off the machine.

Addyson Craig · Answer 2

Yes, you are making a profit.

Step-by-step explanation:

Let x represent the number of months. Leasing a machine at $200 per month would give us the expression - 200x (negative since we pay the money).

We sell $900 per month of slushies, and our profit margin is 30%. This means we make 30% profit on the slushies; this gives us the expression 0.3 (900x).

Adding these together, we have

-200x+0.3 (900x) = - 200x+270x = 70x

We earn $70 per month on the machine.