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Dimas [21]
3 years ago
15

The profit a company earns every month depends of the amount of product sold, p, for $855 each and the amount spent in rent, uti

lities and other expenses, which always totals to $6,780. The CEO of the company earns 15% of this profit. How much does the CEO earn if the company sells 250 products in a given month?
Business
2 answers:
drek231 [11]3 years ago
8 0

Answer:

$31,045.5

Explanation:

Revenue is the income generated by a company by selling a product/service

R = n * p

where R is revenue, n is number of products, p is the price of product

R = 250 * 855

R = 213,750

Profit is the financial gain of a company by taking the differential of the revenue and expenses

P = R - E

where P is the profit, R is revenue, E is expenses

P = R - E

P = 213750 - 6780

P = 206,970

Profit earned by the CEO is 15% of the total profit

P_{CEO} = P * 15%

P_{CEO} = 206970 * 0.15

P_{CEO} = 31,045.5

Svetllana [295]3 years ago
7 0
Income: p*855

Expenses: 6780

Profit = Income - expenses = 855p - 6780 = 855*250 - 6780 = 213750 - 6780 = 206970

CEO's earn = 15% * 206970 = 0.15*206970 = 31,045.5

Answer: 31,045.5
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