Your Company sells exercise bikes for $675 each. The following cost formula relates to last year's operations: Y = $147,500 + $157X. Your Company sold
Your Company sells exercise bikes for $675 each. The following cost formula relates to last year's operations: Y = $147,500 + $157X. Your Company sold 475 bikes last year, what was its net income last year?
Group of answer choices
a. $246,050
b. $320,625
c. $ 98,550
d. $ 74,575
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Authors: Horace R. Brock, Linda Herrington
6th Edition
0028034287, 978-0028034287
