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

Price Quantity Demanded

$7.94 24,700

$6.95 31,800

$5.93 36,700

Monthly costs of producing and delivering the magazine include $94,600 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)

$7.94 $__________

$6.95 $__________

$5.93 $__________