The dollar amount of desired profit from the production and sale of the company's product is
A) $175,000
B) $67,200
C) $73,500
D) $96,000

Question

Quizplus · Accepted Answer

The dollar amount of desired profit can be found by subtracting the total costs from the total sales revenue. In this case, total sales revenue is given as $700,000 and total costs are given as $525,000. Therefore, the desired profit would be $175,000.

The Dollar Amount of Desired Profit from the Production and Sale