Thursday, 11 June 2015

Profit Margin ***

It costs £144 a day to run the dodgems, accounting for wages, electricity, transport, and other costs.  There are 12 dodgem cars and on average 60% of them are occupied each session.  The ride is open for eight hours a day, with four sessions an hour, and the fare is £2 per session.  How much profit is the owner making?