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A business firm earns a $5,000 profit by selling 1,000 units of a good for $6.99 each. What is the average cost of the good?

A business firm earns a $5,000 profit by selling 1,000 units of a good for $6.99 each. What is the average cost of the good?
asked 72.2k views
5 votes
A business firm earns a $5,000 profit by selling

1,000 units of a good for $6.99 each. What is the
average cost of the good?

asked
User Jeff Lambert
by
7.5k points

1 Answer

4 votes

Answer:

1.99

Explanation:

1000x6.99=6990

6990-5000=1990

1990/1000=1.99

answered
User Questions
by
8.1k points
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