!! please help !!
A company sells each product they make for $78.00. They pay $2,700.00 in monthly costs, such as rent and bills, as well as $65.00 in manufacturing costs per unit. If the company sold 626 units last month, what was their total profit?
A. $46,063.00
B. $5,438.00
C. $37,990.00
D. $7,065.60

In general, profit is defined as the amount generated from the sale of a product, which should be greater than the product's cost price. It is the amount gained from any business activity. In other words, if a product's selling price (SP) is more than its cost price (CP), it is deemed a gain or profit. It refers to the financial gain obtained when the revenue from a company activity exceeds the costs of running the business, such as taxes and expenses.

Profit formula:

Profit is better expressed in terms of cost and sale price. The cost price of a product or commodity is the price at which it is purchased, whereas the selling price is the price at which it is sold. If the selling price of the commodity is more than the cost price, the company has made a profit. Profit or Gain = Selling Price – Cost Price is the formula for calculating profit.

However, when a product is sold for less than its cost price, it is referred to as a loss. As a result, loss equals cost price minus selling price.

According, to the question:

A business makes 78.00 per unit and pays 2,700.00 in monthly charges, such as rent and bills, plus 65.00 in manufacturing costs each unit. If the firm sold 626 units in the previous month.

[(78-65)×626]-2700

= 5438

Hence, The company's overall profit is 5438.

Learn more about profit here, https://brainly.com/question/1305349

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