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28 September, 14:23

Tony charges $5 to park a car in his parking lot. He pays $40 per day to rent the lot. If 50 cars park in his lot during the day, how much does he earn after expenses?

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  1. 28 September, 14:33
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    He earns after expenses: $210

    Explanation:

    If 50 cars park in his lot during the day, he will earn:

    50*$5 = $250

    But he must include expenses to know his real profit. The only expense that the problem states is the lot rent, which is $40 per day. Expenses must be subtracted from his earnings:

    $250-$40 = $210

    On a day, he earns after expenses: $210
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