Math Problem Statement

Gavin is selling water bottles at a baseball game to help raise money for new uniforms. Before the game, he buys 48 water bottles for a total of $18.50. At the game, he sells all of the bottles for $1.25 each. How much profit does Gavin make?

Solution

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Math Problem Analysis

Mathematical Concepts

Arithmetic
Profit Calculation
Multiplication
Subtraction

Formulas

Profit = Revenue - Cost
Revenue = Number of Items Sold × Price per Item

Theorems

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Suitable Grade Level

Grades 6-8