Solution:
Given that,
The profit of a company earned every month depends of the amount of product sold, p, for $855 each and the amount spent in rent, utilities and other expenses, which always totals $6,780
Therefore,
[tex]Income = p \times 855\\\\Income = 855p[/tex]
Expenses = $ 6780
Profit = Income - expenses
Profit = 855p - 6780
How much does the CEO earn if the company sells 250 products in a given month?
Substitute p = 250
[tex]Profit = 855 \times 250 - 6780[/tex]
Profit = 206970
The CEO of the company earns 15% of this profit
Profit earned by CEO = 15 % of 206970
[tex]Profit\ earned\ by\ CEO = \frac{15}{100} \times 206970\\\\Profit\ earned\ by\ CEO = 31045.5[/tex]
Thus the CEO earned $ 31,045.5 as profit
