An artist sells paintings at $5.50 each. She has 7 stands in town and pays $35 per stand. What was her profit if she sold an average of 11 paintings per stand?
Correct Answer: B
Rationale: To calculate the profit per stand, we first find the total revenue per stand by multiplying the number of paintings sold (11) by the price per painting ($5.50), which equals $60.50. Then, we subtract the stand cost ($35) from the total revenue to find the profit per stand: $60.50 - $35 = $25.50. Since the artist has 7 stands, the total profit is $25.50 * 7 = $178.50. Therefore, the correct answer is $178.50. The profit per stand is determined by subtracting the stand cost from the total revenue generated from selling paintings. Multiplying this profit per stand by the number of stands gives the total profit. In this scenario, the artist's profit from selling an average of 11 paintings per stand would amount to $178.50.
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