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

Price Quantity Demanded

$7.92 24,000

$6.99 32,000

$5.89 36,800

Monthly costs of producing and delivering the magazine include $94,900of fixed costs and variable costs of $2.30per 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)

$7.92 $

$6.99 $

$5.89 $

enter a dollar amount

A price of $ yields the largest monthly profit.

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