SOLUTION: Each calculator costs 2.75 to make. Fixed cost of production are 11,500 per month. These calculators sell for 10.25 each. If the company makes and sells 450,000 calculators in Febr

SOLUTION: Each calculator costs 2.75 to make. Fixed cost of production are 11,500 per month. These calculators sell for 10.25 each. If the company makes and sells 450,000 calculators in Febr

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Question 281913: Each calculator costs 2.75 to make. Fixed cost of production are 11,500 per month. These calculators sell for 10.25 each. If the company makes and sells 450,000 calculators in February find the profit or loss for the company for the month of February.
Answer by richwmiller(17219) (Show Source): You can put this solution on YOUR website!
cost
C=11500+2.75*450000
revenue
R=10.25*450000
profit/loss
p=R-C
C = 1249000, p = 3363500, R = 4612500
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