A florist prepares standard bouquets of flowers. He has to rent a store which costs him...
A florist prepares standard bouquets of flowers. He has to rent a store which costs him 1,600 SAR per month. The flowers and other equipments used in each bouquet cost 15 SAR. The bouquets selling price is 35 per unit. If the florist sells 120 bouquets per month, then calculate his total profit. (round the answer to the nearest integer)
Homework Answers
The florist's total profit can be calculated as :
Total Profit = Total Revenue - Total cost
= Selling price * Total bouquets sold - (Rent per month + Raw material cost* Total bouquets sold)
= 35 * 120 - (1600 + 15*120)
= 800 SAR
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