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3 years ago

A company sells a batch of 419 items for $57 each. The

Mathematics

1 answer:

zubka84 [21]3 years ago

7 0

Answer:

Profit = $ 8,262

Explanation:

1. Model:

i) Profit = Revenue - Cost

ii) Revenue = price × number of items

iv) Cost = variable cost + fixed expense

2. Solution

i) Revenue = $ 57 / item × 419 items

ii) Cost = $ 23 / item × 419 items + $5,984

iii) Profit = $ 57×419 - ($23×419 + $5,985)

Profit = $ 23,883 - ($ 9637 + $ 5,984) = $ 23,883 - $ 15,621

Profit = $ 8,262 ← answer

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3 years ago

At the beginning of an environmental study, a forest covered an area of 1500 km2 . Since then, this area has decreased by 9.8% e

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