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Kisachek [45]
2 years ago
15

The table shows the estimated sales for two different prices of bags of chips. Calculate the profit per bag for the bags so

ld at $1 each.

Mathematics
1 answer:
abruzzese [7]2 years ago
5 0

The profit per bag for the bags sold at $1 each is 0.35

The correct option is: (D)

<h3>What is profit?</h3>

Profit is the positive financial gain remaining after all costs, taxes, and expenses have been deducted from total sales.

Profit per bag for the bags sold at $1 each be,

Profit = (Estimated sales -(Estimated Sales* Variable cots +Fixed cost))/Estimated Sales

We know,

Estimated sales= 1600000

Variable cost = 0.40

Fixed cost= 400000

So, Profit = \frac{1600000-(1600000*0.40+400000)}{1600000}

               = \frac{1600000-(1040000)}{1600000}

              = \frac{560000}{1600000}

              = 0.35

Hence, the profit per bag be 0.35.

Learn more about profit here:

brainly.com/question/16984158

#SPJ1

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