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A factory produces 6,600 bicycles in one year and all of them are sold. The factory owner earns $7
as profit on each bicycle. How much profit does the factory earn per year?c c
Step 1: The number of bicycles the factory is producing per year = 6600.
Step 2: The profit on each bicycle = $7.
Step 3: The profit, factory earns per year = (number of bicycles) × ( profit on each bicycle)
Step 4: = 6600 × 7[Substitute the values.]
[Multiply by 7.]
Step 6: So, the company earns a profit of $46,200.