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Answer :
The current gross profit for the 12oz. and 32oz. bottles is $1920 and $2800, respectively. The current gross profit for the whole company is $4720.
To calculate the current gross profit for the 12oz. and 32oz. bottles, we need to subtract the variable cost per bottle from the selling price per bottle and multiply it by the number of units sold.
For the 12oz. bottle:
Selling price per bottle = $1.50
Variable cost per bottle = $0.70
Number of units sold = 2400
Gross profit for the 12oz. bottle = (Selling price per bottle - Variable cost per bottle) * Number of units sold
= ($1.50 - $0.70) * 2400
= $0.80 * 2400
= $1920
For the 32oz. bottle:
Selling price per bottle = $3.50
Variable cost per bottle = $1.50
Number of units sold = 1400
Gross profit for the 32oz. bottle = (Selling price per bottle - Variable cost per bottle) * Number of units sold
= ($3.50 - $1.50) * 1400
= $2.00 * 1400
= $2800
To calculate the current gross profit for the whole company, we add the gross profit of the 12oz. bottle to the gross profit of the 32oz. bottle:
Gross profit for the whole company = Gross profit for the 12oz. bottle + Gross profit for the 32oz. bottle
= $1920 + $2800
= $4720
Therefore, the current gross profit for the 12oz. and 32oz. bottles is $1920 and $2800, respectively. The current gross profit for the whole company is $4720.
Learn more about gross profit from the given link:
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