Final answer:
The potential profit that Bling Records could make for each ringtone sold is $0.75. This is derived by subtracting the production cost of $0.24 from the selling price of $0.99. For a monthly profit, the number of ringtones sold would be needed, which is not provided.
Step-by-step explanation:
The question involves calculating the potential profit from selling a product, which is a basic mathematics problem typically encountered at the middle school level. To find the profit per ringtone, we subtract the cost to produce the ringtone from the selling price per ringtone.
In this case, the cost to produce is $0.24 and the selling price is $0.99. Therefore, the potential profit per ringtone is $0.99 - $0.24, which equals $0.75.
When we think about regular monthly expenses like car payments, iPhone model with a data plan, cable TV sports packages, and the power bill, we can relate that every one of those has a financial cost. The potential profit is what would remain after deducting the costs associated with the product or service.
As such, the potential profit per month that Bling Records could make on each ringtone, assuming they only sell one ringtone, is $0.75.
To derive the monthly profit correctly, we would need information about the number of ringtones sold per month. However, since that information is not provided, the best answer with the given data is the per ringtone potential profit.