It costs a lumberyard $2.05 per cubic foot of lumber. If they sell the lumber back to their customers for $21.98 per cubic foot and

sell an average of 100 cubic feet of lumber per month, what is the approximate profit made by the lumberyard per year?

Question

Mathematics

Kamora Stanley

14 January, 21:58

It costs a lumberyard $2.05 per cubic foot of lumber. If they sell the lumber back to their customers for $21.98 per cubic foot and

sell an average of 100 cubic feet of lumber per month, what is the approximate profit made by the lumberyard per year?

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Answers (1)

Know the Answer?

Wilkerson · Answer 1

The profit per year will be $23916

Step-by-step explanation:

Cost price of 1 ft³ = $2.05

Selling price of 1 ft³ = $21.98

Profit = Selling price - cost price

profit = $21.98 - $2.05

Profit = $19.93

Profit on 1 ft³ is $19.93

If they sell 100 monthly, per year (12 months), profit will be

19.93*100*12

= $23916

It costs a lumberyard $2.05 per cubic foot of lumber. If they sell the lumber back to their customers for $21.98 per cubic foot andsell an average of 100 cubic feet of lumber per month, what is the approximate profit made by the lumberyard per year?

It costs a lumberyard $2.05 per cubic foot of lumber. If they sell the lumber back to their customers for $21.98 per cubic foot and

sell an average of 100 cubic feet of lumber per month, what is the approximate profit made by the lumberyard per year?