Question

A hair salon offers three services: haircuts, color treatment, and styling. The salon charges $40 for a cut, $65 for color, and $30 for styling. Last month, the salon sold 70 haircuts, 34 color treatments, and 22 styling sessions. If the salon’s costs for the month totaled $2845, what was its profit?

Instructions: Round your answer to the nearest dollar.

Answer 1

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Question - A hair salon offers three services: haircuts, color treatment, and styling. The salon charges $40 for a cut, $65 for color, and $30 for styling. Last month, the salon sold 70 haircuts, 34 color treatments, and 22 styling sessions. If the salon’s costs for the month totalled $2845, what was its profit?

Answer –

A hair salon offers three services: haircuts, color treatment, and styling.

The total number of haircuts sold (QH) = 70.

The price for each haircut (PH) = $40.

The total number of color treatments sold (QC) = 34.

The price for each color treatment (PC) = $65.

The total number of styling sessions sold (QS) = 22.

The price for each styling (PS) = $30.

The total revenue (TR) earned by the hair salon

= QH * PH + QC * PC + QS * PS

= 70 * $40 + 34 * $65 + 22 * $30

= $5670.

The salon’s costs (TC) for the month totalled $2845.

So, the salon’s profit = TR – TC = $5670 - $2845 = $ 2825.

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