The profit of a company earned every month depends of the amount of product sold, p, for $855 each and the amount spent in rent, utilities and other expenses, which always totals $6,780. The CEO of the company earns 15%of this profit. How much does the CEO earn if the company sells 250 products in a given month?

Solution:

Given that,

The profit of a company earned every month depends of the amount of product sold, p, for $855 each and the amount spent in rent, utilities and other expenses, which always totals $6,780

Therefore,

Expenses = $ 6780

Profit = Income - expenses

Profit = 855p - 6780

How much does the CEO earn if the company sells 250 products in a given month?

Substitute p = 250

Profit = 206970

The CEO of the company earns 15% of this profit

Profit earned by CEO = 15 % of 206970

Thus the CEO earned $ 31,045.5 as profit