Question

1) A wholesale greenhouse operation has grown 4,250 six-inch pots of poinsettias. At the end of the Christmas season, 3,789 pots were sold. The wholesale selling price was $3.85 per pot. The retail businesses sold the pots of poinsettias for $6.89. The cost per pot grown was $2.16 per pot. What was the net return on the poinsettia crop to the greenhouse operation?

a. $14,587.65
b. $6,403.41
c. $5,407.65
d. $11,518.56

Answer 1

Answer: B

Step-by-step explanation:

The net return on the poinsettia crop to the greenhouse operation can be calculated as follows:

Total selling price = 3,789 pots * $3.85/pot = $14,587.65

Total cost = 4,250 pots * $2.16/pot = $9,210

Net return = $14,587.65 - $9,210 = $6,403.41