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
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