SOLUTION: A shoe company will make a new type of shoe. The fixed cost for the production will be $24,000. The variable cost will be $38 per pair of shoes. The shoes will sell for $108 for ea
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Question 373995: A shoe company will make a new type of shoe. The fixed cost for the production will be $24,000. The variable cost will be $38 per pair of shoes. The shoes will sell for $108 for each pair. What is the profit if 600 pairs are sold? Answer by SadieKhan(31) (Show Source):
You can put this solution on YOUR website! profit= earning - fixed cost- variable cost
Profit = 600*108 - 24,000 - 600*38
Profit = 18000
