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Pearl 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

Pearl 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
$12.40 300
$11.90 320
$10.50 340
$9.50 360

Monthly costs of providing the tanning service include $1,200 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)
$12.40 $

$11.90 $

$10.50 $

$9.50 $

A price of $

yields the largest monthly profit.

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