a football team thinks they will sell 9,400 replica shirts over the course of a season. each replica shirt…

a football team thinks they will sell 9,400 replica shirts over the course of a season. each replica shirt costs the team $17.11 to create and is sold for $43.00. using these figures they project a net income of $232,999.00. however the team actually sells 11,235 replica shirts. what is the actual net income?\nactual net income: \nfor full marks your answer(s) should be rounded to the nearest cent.

a football team thinks they will sell 9,400 replica shirts over the course of a season. each replica shirt costs the team $17.11 to create and is sold for $43.00. using these figures they project a net income of $232,999.00. however the team actually sells 11,235 replica shirts. what is the actual net income?\nactual net income: \nfor full marks your answer(s) should be rounded to the nearest cent.

Answer

Explanation:

Step1: Calculate profit per shirt

Profit per shirt = Selling price - Cost price $43 - 17.11=25.89$

Step2: Calculate actual net income

Actual net income = Profit per shirt×Number of shirts actually sold $25.89\times11235 = 25.89\times(11000 + 200+30 + 5)$ $=25.89\times11000+25.89\times200+25.89\times30+25.89\times5$ $=284790+5178+776.7+129.45$ $=290774.15$

Answer:

$290,774.15$