Enter the total sale price per hot dog ($), the total cost per hot dog ($), and the total number of hot dogs sold ($) into the calculator to determine the Hot Dog Stand Profit. ## Hot Dog Stand Profit Formula The following formula is used to calculate the Hot Dog Stand Profit. Phd = (SPD - CPD) * Q • Where Phd is the Hot Dog Stand Profit ($)
• SPD is the total sale price per hot dog ($) • CPD is the total cost per hot dog ($)
• Q is the total number of hot dogs sold ($) To calculate the hot dog stand profit, subtract the cost per dog from the revenue per dog, then multiply by the number sold. ## How to Calculate Hot Dog Stand Profit? The following example problems outline how to calculate Hot Dog Stand Profit. Example Problem #1 1. First, determine the total sale price per hot dog ($). In this example, the total sale price per hot dog ($) is given as 1.5 . 2. Next, determine the total cost per hot dog ($). For this problem, the total cost per hot dog ($) is given as .75 . 3. Next, determine the total number of hot dogs sold ($). In this case, the total number of hot dogs sold ($) is found to be 1000. 4. Finally, calculate the Hot Dog Stand Profit using the formula above: Phd = (SPD – CPD) * Q Inserting the values from above yields: Phd = (1.5 – .75) * 1000 = 750.00 ($)

Example Problem #2

The variables needed for this problem are provided below:

total sale price per hot dog ($) = 2 total cost per hot dog ($) = .50

total number of hot dogs sold ($) = 2000 Entering these values and solving gives: Phd = (2 – .5) * 2000 = 3,000.00 ($)