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

Price		Quantity Demanded
$7.89		25,000
$7.00		31,200
$5.87		36,300

Monthly costs of producing and delivering the magazine include $90,300 of fixed costs and variable costs of $2.40 per 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)
$7.89		$enter a dollar amount
$7.00		$enter a dollar amount
$5.87		$enter a dollar amount

A price of $enter the largest monthly profit amount in dollars rounded to 2 decimal places yields the largest monthly profit.