In July, Romish Company sold 1,250 financial calculators for $30 each. Each calculator had cost Romish $20 to manufacture. Romish promises a replacement calculator if the calculator fails for any reason within the next 3 years. From past experience, Romish has learned that about 2 percent of the calculators have to be replaced during this time. Also during July, Romish Company replaced 22 calculators.
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The Answer of In July, Romish Company sold 1,250 financial calculators for $30 each. Each calculator had cost Romish $20 to manufacture. Romish promises a replacement calculator if the calculator fails for any reason within the next 3 years. From past experience, Romish has learned that about 2 percent of the calculators have to be replaced during this time. Also during July, Romish Company replaced 22 calculators.
Based on this information:

In July, Romish Company Sold 1,250 Financial Calculators for $30