Product earns an annual gross revenues

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Reference no: EM13798047

A product earns an annual gross revenues of $90,000, the variable costs is $60. The fixed cost are $30,000 and the product is sell for $90. The quantity of product sold last year was $1000. The annual profit is most nearly:

a. $60,000

b. $0

c. $90,000

d. $30,000

Reference no: EM13798047

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