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

Price Quantity Demanded

$7.89 24,500

$6.95 31,600

$5.89 36,100

Monthly costs of producing and delivering the magazine include $91,500 of fixed costs and variable costs of $2.20 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 $

$6.95 $

$5.89 $

A price of $_________ yields the largest monthly profit.