Enter the total sale price per hot dog ($), the total cost per hot dog ($), and the total number of hot dogs sold ($) into the calculator to determine the Hot Dog Stand Profit.
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Hot Dog Stand Profit Formula
The following formula is used to calculate the Hot Dog Stand Profit.
Phd = (SPD – CPD) * Q
- Where Phd is the Hot Dog Stand Profit ($)
- 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 ($)
How to Calculate Hot Dog Stand Profit?
The following example problems outline how to calculate Hot Dog Stand Profit.
Example Problem #1
- First, determine the total sale price per hot dog ($). In this example, the total sale price per hot dog ($) is given as 1.5 .
- Next, determine the total cost per hot dog ($). For this problem, the total cost per hot dog ($) is given as .75 .
- Next, determine the total number of hot dogs sold ($). In this case, the total number of hot dogs sold ($) is found to be 1000.
- Finally, calculate the Hot Dog Stand Profit using the formula above:
Phd = (SPD – CPD) * Q
Inserting the values from above yields:
Phd = (1.5 – .75) * 1000 = 750.00 ($)
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 ($) = 2000
Entering these values and solving gives:
Phd = (2 – .5) * 2000 = 3,000.00 ($)
