determining sticker price - fixed & variable costs\nthe table shows the estimated sales for two different…

determining sticker price - fixed & variable costs\nthe 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.\n| sales price | estimated sales | fixed cost | fixed cost per unit | variable cost | total cost |\n| ---- | ---- | ---- | ---- | ---- | ---- |\n| $1.00 | 1,500,000 bags | $250,000 | $0.17 | $0.50 | $0.67 |\n| $2.00 | 800,000 bags | $250,000 | $0.31 | $0.50 | $0.81 |\n$?

determining sticker price - fixed & variable costs\nthe 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.\n| sales price | estimated sales | fixed cost | fixed cost per unit | variable cost | total cost |\n| ---- | ---- | ---- | ---- | ---- | ---- |\n| $1.00 | 1,500,000 bags | $250,000 | $0.17 | $0.50 | $0.67 |\n| $2.00 | 800,000 bags | $250,000 | $0.31 | $0.50 | $0.81 |\n$?

Answer

Explanation:

Step1: Identify relevant data

Sales Price = $1.00, Total Cost per unit = $0.67

Step2: Calculate profit per bag

Profit per bag = Sales Price - Total Cost per unit = $1.00 - $0.67 = $0.33

Answer:

$0.33