acme ’ s manufacturing costs for sets of horseshoes include a $ 12450 initial outlay , and $ 20.75 per set . they can sell the sets $ 50 . if profit is revenue from sales minus manufacturing costs , and the company producessells 950 sets of horseshoes , what was their profit ?
total manufacturing cost = 12,450 + 950 * 20.75 = 32162.5 total selling cost = 950 * 50 = 47500 profit = 47500 - 32162.50 = 15337.50 answer : c
subtract(multiply(950, subtract(50, 20.75)), 12450)