PSMIR& AIS dass sold holdogs at the festival. They paid a $40 booth fee, as well as $20 for meat, $10 for buns and $10 for condiments. They were given small plates for free. They also paid $20 for decorations. The class was able to make a total of 40 hotdogs and sold them for $5.00 each. What is the price of the hotdogs?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Professor Smith's AIS class sold hotdogs at the festival. They paid a $40 booth fee, as well as $20 for meat, $10 for buns and $10 for condiments. They were given small plates for
free. They also paid $20 for decorations. The class was able to make a total of 40 holdogs and sold them for $5.00 each. What is the price of the hotdogs?
$0.75
$1.50
$2.50
$5.00
$30.00
$40.00
$100.00
All of the above
None of the above
Transcribed Image Text:Professor Smith's AIS class sold hotdogs at the festival. They paid a $40 booth fee, as well as $20 for meat, $10 for buns and $10 for condiments. They were given small plates for free. They also paid $20 for decorations. The class was able to make a total of 40 holdogs and sold them for $5.00 each. What is the price of the hotdogs? $0.75 $1.50 $2.50 $5.00 $30.00 $40.00 $100.00 All of the above None of the above
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