The process of making fabric costs the fabric company $1.26 per square foot. If they sell the fabric back to their customers for $6.85 per square foot and sell an average of 50 square feet of fabric per month, what is the approximate profit made by the fabric company per year?

Question

anonymous · Answer

P = Profit from selling one square root of fabric
P = Selling Price - Cost 
P = 6.85 - 1.26
Profit made per year = P x 50 x 12 months