the table shows the estimated sales for two different prices of bags of chips. calculate the profit per bag…

the table shows the estimated sales for two different prices of bags of chips. calculate the profit per bag for the bags sold at $2 each.\n|sales price|estimated sales|fixed cost|fixed cost per unit|variable cost|total cost|\n|$2.00|1,200,000 bags|$300,000|$0.25|$0.40|$0.65|\n|$3.00|600,000 bags|$300,000|$0.50|$0.40|$0.90|\n$?

the table shows the estimated sales for two different prices of bags of chips. calculate the profit per bag for the bags sold at $2 each.\n|sales price|estimated sales|fixed cost|fixed cost per unit|variable cost|total cost|\n|$2.00|1,200,000 bags|$300,000|$0.25|$0.40|$0.65|\n|$3.00|600,000 bags|$300,000|$0.50|$0.40|$0.90|\n$?

Answer

Answer:

$1.35

Explanation:

Step1: Identify relevant data

Sales price per bag = $2, Total cost per bag = $0.65

Step2: Calculate profit per bag

Profit per bag = Sales price - Total cost = $2 - $0.65 = $1.35