Preparing a Profit Equation to Predict Future Profits

Picnic Time produces a picnic basket that is sold for $$108$ per unit. Assume the company produced and sold $4,000$ baskets during July. There were no beginning or ending inventories. Variable and fixed costs follow.

REQUIRED

a$.$ Prepare a monthly profit equation.

Profits $=$$$,x-($$$+$$$,x)$

where $x=$ number of picnic baskets

b$.$ Determine profit for the month of July using the equation from part a$.$

Profits $=$$

c$.$ For August, the company estimates that sales will range between $4,100$ on the low$-$end and $4,400$ on the high$-$end. What is the range of predicted profits?

Profit range between $

on the low end and $

$x$ on the high end.