Question

The profit a company urns every month depends on the amount of product sold, p, for $855 each and the amount spent in rent, utilities and other expenses, which always totals to $6,780. The CEO of the company earns 15% of this profit. How much does the CO heard if the company sells 250 products in a given month?

Answer 1

Answer:

CEO earns $31,045.5

Step-by-step explanation:

Price of each product = $855

Number of product sold = 250

Total revenue = price × quantity

= 855 × 250

= $213,750

Total expenditure = $6,780

Profits = Total revenue - Total expenditure

= 213,750 - 6,780

= $206,970

Profits = $206,970

The CEO of the company earns 15% of this profit

Amount CEO earns = 15% of $206,970

= 15/100 × 206,970

= 0.15 × 206,970

= $31,045.5

CEO earns $31,045.5