Question

The profit a company earns every month depends of 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 1 this profit. How much the CEO eam if the company sells 250 products in a given month? A) $20,950.75
B) $28,458.50 C) $31,045.50 D) $34,650.75

Answer 1

Profit = (selling price x number of units) - expenses in this case, the selling price is $855, number of units is 250, and the expenses are $6,780 So, Profit = ($855 x 250) - $6,780 = $206,970 That number times 15% (decimal = 0.15) will be the salary of the CEO So, $206,970 x 0.15 = $31,045.50

SO C.