Suppose Chip's Chips produces bags of potato chips that sell for $3 a bag.If they sold 12,000 bags and incurred total costs of $30,000,what was the company's profit?

Name: Suppose Chip's Chips produces bags of potato chips that sell for $3 a bag.If they sold 12,000 bags and incurred total costs of $30,000,what was the company's profit?
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Question

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The company's revenue is $3 per bag times 12,000 bags, which equals $36,000. Subtracting the total costs of $30,000 from the revenue gives a profit of $6,000.

Suppose Chip's Chips Produces Bags of Potato Chips That Sell