find annual profit. That is, find annual profit for each of these combinations of charge per copy and daily demand. use a two way table
find annual profit. That is, find annual profit for each of these combinations of charge per copy and daily demand. use a two way table
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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You are thinking of opening a small copy shop. It costs $3500 to rent a copier for a year, and it costs $0.03 per copy to operate the copier. Other fixed costs of running the store will amount to $350 per month. You plan to charge an average of $0.10 per copy, and the store will be open 365 days per year. Each copier can make up to 100,000* copies per year.
a) For a charge per copy between $0.07 to $0.11 and daily demands of 500, 1000, 1500, and 2000 copies per day, find annual profit. That is, find annual profit for each of these combinations of charge per copy and daily demand. use a two way table
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