Answer: Choice C) $31,045.50
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Work Shown:
p = number of items sold
855 = cost per item
855p = total revenue = total amount of money earned
6780 = total expenses
profit = revenue - expenses = 855p - 6780
profit = 855p - 6780
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Now plug in p = 250
profit = 855p - 6780
profit = 855*250 - 6780
profit = 213,750 - 6,780
profit = 206,970 dollars
This is the profit the company makes in one month if p = 250 items are sold.
The CEO earns 15% of this profit, so,
15% of 206,970 = 0.15*(206,970) = 31,045.50
The CEO earns $31,045.50
