SOLUTION: A barrel of oil is extracted from shale at a cost of $51, and then transported to and from the refinery at a cost of $6 each direction. Oil is processed 3 times at the refinery pl

Algebra ->  Finance -> SOLUTION: A barrel of oil is extracted from shale at a cost of $51, and then transported to and from the refinery at a cost of $6 each direction. Oil is processed 3 times at the refinery pl      Log On


   

Question 1119631: A barrel of oil is extracted from shale at a cost of $51, and then transported to and from
the refinery at a cost of $6 each direction. Oil is processed 3 times at the refinery plant,
at a cost of $9, each time. What is the profit, in dollars per barrel, if one barrel is sold for $93?
Answer by josgarithmetic(39620) About Me  (Show Source):
You can put this solution on YOUR website!
Total Sales minus Total Cost, is profit.