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istory Bookmarks People Window Help xyd. Highline Community College-X www.saplinglearning.com/ibis × (GChegg.com ? com/ibiscms/mod/ibis/view.php?id-5976727 7/19/2018 11:55 PM 1.9/100 7/19/2018 07:49 PM Grad Question 1 of 18 Mapd Sapling Learning Eddie's Electronics sells laptop computers for $425. At this price, the store sells 325 laptops. Eddie's Electronics incurs a $398 cost for each laptop it sells. Assume that this is the store's only cost. Round your answers to the nearest dollars. What is Eddie's Electronics' revenue? Number What is Eddie's Electronics' profit? Number 6,392

Explanation / Answer

Revenue = Selling price per unit * no. of units sold = $425 * 325 = $138,125.

Profit = Revenue - Total cost =  $138,125 - (cost per unit * no. of units sold) = $138,125 - ($396 * 325) = $138,125 - $128,700 = $9,425.

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