The formula to calculate the Hot Dog Stand Profit (Phd) is:
\[ Phd = (SPD - CPD) \times Q \]
Where:
Hot Dog Stand Profit (Phd) is the total profit made from selling hot dogs. It is calculated by subtracting the cost per hot dog from the sale price per hot dog, and then multiplying by the total number of hot dogs sold.
Let's consider an example:
Using the formula to calculate the Hot Dog Stand Profit:
\[ Phd = (3.00 - 1.50) \times 100 = 150 \]
This means that the hot dog stand profit is $150.