zoraisntcute
Answered

Westonci.ca makes finding answers easy, with a community of experts ready to provide you with the information you seek. Experience the convenience of getting accurate answers to your questions from a dedicated community of professionals. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.

The table shows the estimated sales for two different prices of bags of chips. Calculate the profit per bag for the bags sold at $1 each.

The Table Shows The Estimated Sales For Two Different Prices Of Bags Of Chips Calculate The Profit Per Bag For The Bags Sold At 1 Each class=

Sagot :

The profit per bag for the bags sold at $1 each is 0.35

The correct option is: (D)

What is profit?

Profit is the positive financial gain remaining after all costs, taxes, and expenses have been deducted from total sales.

Profit per bag for the bags sold at $1 each be,

Profit = (Estimated sales -(Estimated Sales* Variable cots +Fixed cost))/Estimated Sales

We know,

Estimated sales= 1600000

Variable cost = 0.40

Fixed cost= 400000

So, Profit = [tex]\frac{1600000-(1600000*0.40+400000)}{1600000}[/tex]

               = [tex]\frac{1600000-(1040000)}{1600000}[/tex]

              = [tex]\frac{560000}{1600000}[/tex]

              = 0.35

Hence, the profit per bag be 0.35.

Learn more about profit here:

https://brainly.com/question/16984158

#SPJ1

Thanks for stopping by. We are committed to providing the best answers for all your questions. See you again soon. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Your questions are important to us at Westonci.ca. Visit again for expert answers and reliable information.