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A small company that manufactures bicycles runs (i.e. rental, tools, electricity, etc.) at the cost of R18 000.00 monthly. One bicycle costs R800.00 to manufacture
A small company that manufactures bicycles runs (i.e. rental, tools, electricity, etc.) at the cost of R18 000.00 monthly. One bicycle costs R800.00 to manufacture and it is sold for R1 250.00. How much profit does the company makes per month if 70 bicycles are produced and sold per month?
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