Wild Woman's Wild Wilderness Adventures sells 1,000 vacation packages each year.The average total cost of the packages is $450 and each package sells for $770. Annual profit is

Question

Quizplus · Accepted Answer

The annual profit is calculated by subtracting the total cost from the total revenue. The total revenue from selling 1,000 packages at $770 each is $770,000. The total cost of these packages is 1,000 packages at $450 each, which is $450,000. The annual profit is therefore $770,000 - $450,000 = $320,000.

Wild Woman's Wild Wilderness Adventures Sells 1,000 Vacation Packages Each