Profit Calculation in Taco Sales

The video tutorial explains how to calculate the net profit of a taco stand by defining variables for the number of tacos sold, cost per taco, and price per taco. It derives an equation for net profit by subtracting total costs from total revenue. An alternative approach is also discussed, focusing on profit per taco. Both methods are shown to be algebraically equivalent.

What is the main task described in the video?

• To find the total revenue from taco sales

• To write an equation relating tacos sold, cost, and price

• To determine the cost of each taco

• To calculate the number of tacos sold per day

Which variable represents the number of tacos sold per day?

• p

• c

• t

• n

What does the variable 'c' stand for in the context of the problem?

• Net profit

• Total cost

• Price per taco

• Cost per taco

How is the net profit calculated according to the video?

• By dividing the total revenue by the number of tacos

• By adding the total revenue and total cost

• By subtracting the total cost from the total revenue

• By multiplying the number of tacos by the cost per taco

What is the formula for total revenue in the context of the taco stand?

• t + p

• t * p

• t * c

• c * p

In the alternative approach, how is profit per taco calculated?

• Cost per taco minus price per taco

• Price per taco minus cost per taco

• Total cost divided by number of tacos

• Total revenue divided by number of tacos

If the net profit is not given as 300, what should be done?

• Use the cost per taco instead

• Ignore the net profit

• Set it as a variable

• Use 300 as a default value

What is the algebraic relationship between the two methods of calculating profit?

• They result in different profit values

• They are completely different

• One is more accurate than the other

• They are algebraically equivalent

What is the significance of factoring out 't' in the profit equation?

• It eliminates the variable 't'

• It makes the equation more complex

• It changes the equation

• It simplifies the equation

What is the final expression for net profit in terms of t, c, and p?

• t - (p + c)

• t * (p + c)

• t + (p - c)

• t * (p - c)