Question

Help!
A screwdriver set has a selling price per unit of $27.95. It also has fixed costs of $837,500, variable costs per unit of $3.25 and estimated sales of 55,000. What is the possible net profit?

Answer 1

is there a choice list?

Answer 2

My estimate is around 699,750$

Answer 3

@dan815

was i close?

Answer 4

there is A)521,000 B)1,537,250 C)247,500 D)1,016,250

Answer 5

OHHHH

Answer 6

A

Answer 7

need me to explain?

Answer 8

yes please

Answer 9

The final price the store is going to get is 1,537,250. That is the price per unit times the price overall

Answer 10

So that is the answer? not 521,000?

Answer 11

NOOOOO

Answer 12

ITS A

Answer 13

im explaining

Answer 14

you mulitply to get the final price which is 1,537,250. That is how much the store is going to earn overall. The price from the company for the screw drivers was 837,500. They have to pay the company back s they subtract that from 1,537,250 and they get

Answer 15

699,750

Answer 16

then you have to muliply 55,000 by 3.25 because that is the range. and you get 178,750

Answer 17

This amount is like giving a tax reduction

Answer 18

so you subtract 699,750 by 178,750

Answer 19

and you get the final answer...A

Answer 20

sorry but this was really hard for me to explain

Answer 21

Lol its okay thank you so much I really appreciate it!

Answer 22

are you in connections?

Answer 23

Haha youre welcome

Answer 24

what type of class is this for?

Answer 25

It is business math

Answer 26

grade?