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The Poseidon Swim Company produces swim trunks. The average selling price for one of their swim trunks is $69.08. The variable cost per unit is
The Poseidon Swim Company produces swim trunks. The average selling price for one of their swim trunks is $69.08. The variable cost per unit is $18.26, Poseidon Swim has an average fixed cost of $16,098 per year.
What would be the operating profit or loss associated with the production and sale of 308 swim trunks?
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