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 $1 each.\n|sales price|estimated sales|fixed cost|fixed cost per unit|variable cost|total cost|\n|$1.00|1,600,000 bags|$400,000|$0.25|$0.40|$0.65|\n|$2.00|800,000 bags|$400,000|$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 $1 each.\n|sales price|estimated sales|fixed cost|fixed cost per unit|variable cost|total cost|\n|$1.00|1,600,000 bags|$400,000|$0.25|$0.40|$0.65|\n|$2.00|800,000 bags|$400,000|$0.50|$0.40|$0.90|\n$?

Answer

Answer:

$0.35$

Explanation:

Step1: Recall profit formula

Profit per unit = Sales price per unit - Total cost per unit

Step2: Identify values

Sales price per unit = $$1.00$, Total cost per unit = $$0.65$

Step3: Calculate profit

Profit per unit = $1 - 0.65=$0.35$