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Jackie sold 875 potted geraniums at $3.76 each. Her cost of production was $2.12 per geranium. What is her net profit?

Answer :

Final answer:

Jackie's net profit from selling 875 potted Geraniums at $3.76 each with a production cost of $2.12 each is $1,435.00.

Explanation:

To calculate Jackie's net profit from selling potted geraniums, we need to subtract the cost of production from the selling price and then multiply by the number of units sold. Her selling price per potted Geranium is $3.76, her cost is $2.12, and she sold 875 units.

The net profit for each unit sold is:

$3.76 (selling price) - $2.12 (cost of production) = $1.64 (profit per unit)

Now, to get the total net profit, multiply this figure by the number of units:

$1.64 (profit per unit) × 875 (number of units) = $1,435.00

Therefore, Jackie's total net profit is $1,435.00.

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