Doctor E. is considering purchasing a new blood analysis machine to test for leukemia; it will cost $78,000. He estimates that he could charge $32.00 for an office visit to have a patient's blood analyzed, while the actual cost of a blood analysis would be $8.00. What would the profit be for a quantity of 11,900 leukemia blood analyses?
Doctor E. is considering purchasing a new blood analysis machine to test for leukemia; it will cost $78,000. He estimates that he could charge $32.00 for an office visit to have a patient's blood analyzed, while the actual cost of a blood analysis would be $8.00. What would the profit be for a quantity of 11,900 leukemia blood analyses?
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:Doctor E. is considering purchasing a new blood
analysis machine to test for leukemia; it will cost
$78,000. He estimates that he could charge $32.00
for an office visit to have a patient's blood analyzed,
while the actual cost of a blood analysis would be
$8.00.
What would the profit be for a quantity of 11,900
leukemia blood analyses?
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