Discount Cycles is a small company that makes bikes priced at $130 each. There is no quantity discount. The costs of the materials for each bike are $60. It costs $15 in labour to assemble a bike. The company has monthly expenses of $1 000 for rent and insurance, $100 for heat, and $300 for advertising. If Discount Cycles sells 200 bikes in a given month, what is the monthly profit? $8 400 $10 300 $6 400 $9 600 O $6 900

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ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
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Discount Cycles is a small company that makes bikes priced at $130 each. There is
no quantity discount. The costs of the materials for each bike are $60. It costs $15 in
labour to assemble a bike. The company has monthly expenses of $1 000 for rent
and insurance, $100 for heat, and $300 for advertising. If Discount Cycles sells 200
bikes in a given month, what is the monthly profit?
$8 400
O $10 300
$6 400
$9 600
O $6 900
Transcribed Image Text:Discount Cycles is a small company that makes bikes priced at $130 each. There is no quantity discount. The costs of the materials for each bike are $60. It costs $15 in labour to assemble a bike. The company has monthly expenses of $1 000 for rent and insurance, $100 for heat, and $300 for advertising. If Discount Cycles sells 200 bikes in a given month, what is the monthly profit? $8 400 O $10 300 $6 400 $9 600 O $6 900
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