Question

a company made one of the largest single purchase of long distance telephone time in history. it purchased 49 million minutes at a total cost of $ 1,470,000. if the company resells the phone time at an average of 6 cents per minute, how much profit will it make on the purchase?

Answer 1

Sales price is
49,000,000×0.06
=2,940,000

Profit
2,940,000−1,470,000
=1,470,000...answer