The Kerns Company make ballpoint pens. The fixed costs of operation for one month average $53,500. The cost of producing one pen is $0.75, and the pen are marketed to retailers for $1.05 each. Give the net profit or loss the company manufactures 150,000 pens in a month.

Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter7: Applying Fractions
Section7.3: Equations With Fractional Coefficient
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The Kerns Company make ballpoint pens. The fixed costs of operation for one month average $53,500. The cost of producing one pen is $0.75, and the pen are marketed to retailers for $1.05 each. Give the net profit or loss the company manufactures 150,000 pens in a month.
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