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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? $320,625 5246,050 O $ 98,550 O $74,575

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