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Exhibit 24-7 Price Quantity Total Cost $10 10 $80 9 15 85 8 20 95 7 25 110 6 30 140 5 35 175 4 40 215 Refer to Exhibit 24-7.
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Answer #1

Answer is as follows:

Correct Option : e. $65

Profit = Sales - Total Cost, where Sales = Price*Quantity

= (8*20) - 95

= $65

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