The editor ofCinrichmagazine is considering three alternative prices for her new monthly periodical. Her estimate of price and quantity demanded are:

Price Quantity Demanded

$7.91 24,200

$6.96 31,300

$5.94 36,700

Monthly costs of producing and delivering the magazine include $96,800of fixed costs and variable costs of $2.00per issue.

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)

$7.91 $

$6.96 $

$5.94 $

Enter the largest monthly profit amount in dollars rounded to 2 decimal places

A price of $ yields the largest monthly profit.