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Marjorie's Mugs sold 300 mugs last year for $20 each. Variable costs were $7 per mug and total fixed costs were $1,700. Marjorie's Mugs' profit was ______. Multiple choice question.
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Marjorie's Mugs sold 300 mugs last year for $20 each. Variable costs were $7 per mug and total fixed costs were $1,700. Marjorie's Mugs' profit was ______. Multiple choice question.

User Joe Jansen
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1 Answer

12 votes
12 votes

Answer: $2200

Step-by-step explanation:

profit= 300 * (20 - 7) - 1700 = 2200

User Sultan Shakir
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