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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?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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?
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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