Question

A company sold 54 phones for $425 for each phone. It cost one-third of that money to produce the phone. If the remainder of the money is shared equally between 18 people, how many dollars would each person receive?

Answer 1

Answer:

$850

One Phone Costs = $425

54 phones are sold for= 54*425= $22950

One Third of $22950 is spent to produce these phones...Thus

22950/3= $7650.

So total profit = 22950-7650

= $ 15300

This $ 15300 is shared between 18 people. So.

Each person will get = 15300/18

= $ 850