An artist sells paintings at $5.50 each. She has 7 stands in town and pays $35 per stand. What was her profit if she sold an average of 11 paintings per stand?

Rationale

$178.50

To calculate the artist's profit, we first determine her total revenue from selling the paintings and subtract her total costs for the stands. Selling 11 paintings at $5.50 each across 7 stands results in a specific profit calculation.

A ($245) YOUR ANSWER

This choice represents an incorrect profit calculation. While it may seem plausible, it likely results from miscalculating the revenue or costs. The artist's total revenue and expenses must be accurately computed to arrive at the correct profit figure.

B ($178.50) CORRECT

This is the correct profit amount. The artist earns $5.50 per painting, and selling 11 paintings at each of the 7 stands yields a total revenue of $5.50 * 11 * 7 = $423.50. Her total costs for the stands are $35 * 7 = $245. Subtracting the costs from the revenue ($423.50 - $245) results in a profit of $178.50.

C ($175) YOUR ANSWER

This choice indicates a miscalculation of either total revenue or costs. The profit must be calculated based on the total revenue from painting sales minus the stand expenses, and this figure does not correctly reflect the artist's earnings.

D ($423.50) YOUR ANSWER

This choice represents the total revenue the artist earns from selling the paintings, not her profit. Profit is calculated by deducting the total costs from the revenue. Therefore, this option fails to consider the expenses for the stands.

Conclusion

The artist's profit was calculated accurately at $178.50, derived from her total revenue minus her total costs. Understanding how to differentiate between revenue and profit is crucial, as only by subtracting expenses can one arrive at the correct profit figure. This exercise illustrates the importance of accurate accounting in determining financial success.

An artist sells paintings at $5.50 each. She has 7 stands in town and pays $35 per stand. What was her profit if she sold an average of 11 paintings per stand?

$178.50

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