In the Deluxe Register example, what is the approximate profit per unit when selling price is $35 and cost is $21?

Unlock all questions

This demo includes only 20 questions. Upgrade to access hundreds of questions, flashcards, exam simulations, and disable ads.

Full question bankExam simulationsFlashcards
From $25.99Unlock all

Prepare for the AAMI Small Business Management Test with flashcards and multiple choice questions; each question comes with hints and explanations. Get exam ready!

Multiple Choice

In the Deluxe Register example, what is the approximate profit per unit when selling price is $35 and cost is $21?

Explanation:
Profit per unit is found by subtracting the cost per unit from the selling price. So with a selling price of 35 dollars and a cost of 21 dollars, the calculation is 35 minus 21, which equals 14. That means you earn about 14 dollars of profit for each unit sold. The other numbers would represent either the full selling price or the full cost, not the profit per unit, and 7 would correspond to a different cost figure.

Profit per unit is found by subtracting the cost per unit from the selling price. So with a selling price of 35 dollars and a cost of 21 dollars, the calculation is 35 minus 21, which equals 14. That means you earn about 14 dollars of profit for each unit sold. The other numbers would represent either the full selling price or the full cost, not the profit per unit, and 7 would correspond to a different cost figure.

More Multiple Choice Questions
Subscribe

Get the latest from Passetra

You can unsubscribe at any time. Read our privacy policy