Question

Don't Shout Incorporated earned a profit of

$3,200,000 on a new and revolutionary hearing
implant. Assume the company sold 10,000
implants, costing $350 each to make. At what
price did the company sell each implant?

Answer 1

To find the price at which Don't Shout Incorporated sold each hearing implant, divide the total cost to make the implants by the number of implants sold, and subtract this cost from the profit earned.

Step-by-step explanation:

To find the price at which Don't Shout Incorporated sold each hearing implant, we need to calculate the cost per implant and subtract it from the profit. First, we calculate the cost per implant by dividing the total cost to make the implants ($350 x 10,000) by the number of implants sold (10,000). This gives us a cost of $350 per implant.

Next, we subtract the cost per implant from the profit earned to find the selling price per implant. The profit earned is $3,200,000, and the cost per implant is $350. So, the selling price per implant is $3,200,000 - $350 = $3,199,650.

Therefore, Don't Shout Incorporated sold each hearing implant at a price of $3,199,650.