If a concession stand received $5,550 in gameday sales, and its profit for the event was $3,330, what were the expenses?

Answer: $37,000

Explanation:Concession stand owners own and often operate mobile or temporary food stands that sell anything from popcorn and hot dogs to gourmet veggie wraps and sushi. Because their businesses are so small, concession stand owners usually handle many aspects of the operation such as budgeting, marketing, purchasing of ingredients, food preparation and payments. The amount of money a concession stand owner makes depends on many factors, the most important being the amount of food he sells relative to his business costs.