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A company has a selling price of $1,950 each for its printers. Each printer has a 2 year warranty that covers replacement of defective parts.

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A company has a selling price of $1,950 each for its printers. Each printer has a 2 year warranty that covers replacement of defective parts. It is estimated that 2% of all printers sold will be returned under the warranty at an average cost of $153 each. During November, the company sold 33.000 printers, and 430 printers were serviced under the warranty What is the company's warranty expense for the month of November? Multiple choice $27.500 $65.790 550,490 550.000 $100.990

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