Question 375375: Global Voyager Inc. earned a profit of $2,880,000 on the world's first "virtually realistic" virtual reality program. Assume the company sold 240,000 copies of the program costing $40 each to make. At what price did the company sell each program?
Answer by CharlesG2(834)   (Show Source):
You can put this solution on YOUR website! Global Voyager Inc. earned a profit of $2,880,000 on the world's first "virtually realistic" virtual reality program. Assume the company sold 240,000 copies of the program costing $40 each to make. At what price did the company sell each program?
sales - cost = profit
cost = 240,000 * $40 = $9,600,000
sales - $9,600,000 = $2,880,000
sales = $12,480,000
selling price per program = $12,480,000/240,000 = $52
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