In Exercise, if STS resells the phone time at an average of 6 cents per minute, how much profit will it make on the purchase?
Strategic Telecomm Systems, Inc. (STS), in Knoxville, Tennessee, made one of the largest single purchases of long-distance telephone time in history. STS purchased 42 million minutes. If STS paid 2 cents per minute, how much did they pay for the purchase? To convert cents to dollars, divide by 100.
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