Answer:
Profit per box of crawfish $0.25
Explanation:
To calculate the Total profit, we can solve the expression;
Total profit=Total selling price-Total purchase price
where;
Total purchase price=(Variable cost per box×number of boxes purchased)+Total fixed costs
Total purchase price=(1×1600)+1,200=$2,800
Total selling price=Selling price per box×number of boxes
Total selling price=(2×1600)=$3,200
replacing in the expression;
Total profit=Total selling price-Total purchase price
Total profit=($3,200-$2,800)=$400
Total profit=$400
To calculate the profit per box;
Total profit=profit per box(p)×number of boxes sold
400=p××1600
p=400/1600=0.25
Profit per box=p=$0.25 per box
