Answer :
Answer:
Benton made a profit of $22.50 from selling the 10 hats to his friends
Step-by-step explanation:
Benton bought 10 hats for a total of $70 ($7 each). He then sold all the hats to his friends for a total of $92.50 ($9.25 each). The difference between the total amount of money he sold the hats for and the total amount of money he originally paid for the hats is the profit he made. To calculate the profit, we need to subtract the cost from the revenue:
$92.50 (revenue) - $70 (cost) = $22.50 (profit)
It is important to note that this profit does not account for any additional expenses Benton may have incurred, such as shipping or advertising costs.
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