SOLUTION: A vehicle accessory shop is considering buying a new style of wheels for $168 and selling them at $369.60 for each wheel.Fixed cost related to this new style of wheels amount of $2
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Question 1127425: A vehicle accessory shop is considering buying a new style of wheels for $168 and selling them at $369.60 for each wheel.Fixed cost related to this new style of wheels amount of $2465.It is estimated that 16 wheels per month could be solved.How much profit will the accessory shop make each month. Answer by addingup(3677) (Show Source):
You can put this solution on YOUR website! Profit = Total Revenue - Total Cost
applying the numbers in the problem to this formula:
:
369.60x – (168x + 2465)
= 369.60(16) – [168(16) + 2465]
= 5913.60 – (2688-2465)
= 5913.60 – 5153
= 760.60 This is the profit that the accessory shop will make each month
