This math problem has got me stumped: Alice made 52 friendship bracelets over spring break to sell at school.  It only cost her $3.00 in materials to make these bracelets.  During the break, she gave 8 of her bracelets away.  Back at school, she sells all of the remaining bracelets at $0.25 each.  How much profit did she make (money earned after paying initial costs) on the sale of her bracelets?
Can you show me the way?