Carla Hamill is the owner/operator of a tanning salon. She is considering four prices for a weekly tanning pass. Her estimate of price and quantity demanded are:

Price Quantity Demanded

$12.30 300

$11.80 350

$10.10 390

$9.50 410

Monthly costs of providing the tanning service include $1,800 of fixed costs and variable costs of $2.50 per service.

Which price will yield the largest monthly profit? (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

Price Profit/(loss)

$12.30 $

$11.80 $

$10.10 $

$9.50 $

A price of $ yields the largest monthly profit.