what is the most money you can hope to earn from your business?

Question

500,000 dollars
Phones cases
It will cost $0.60 to make each phone case. And the price for each phone case is $25

Answer 1

To calculate the maximum potential earnings from the business, we need to consider the cost of making each phone case and the price at which it is sold.

Let's assume there are no additional expenses such as overhead costs or taxes.

The profit per phone case can be calculated by subtracting the cost to make each case from the selling price:

Profit per phone case = Selling price - Cost to make

Profit per phone case = $25 - $0.60 = $24.40

Now, let's determine the maximum number of phone cases that can be produced based on the given information.

Maximum number of phone cases = Total investment / Cost to make

Since no investment amount is provided, we cannot determine the maximum number of phone cases. But you can calculate it by dividing the investment amount by the cost to make one phone case.

Next, we estimate the maximum potential earnings by multiplying the maximum number of phone cases by the profit per phone case:

Maximum potential earnings = Maximum number of phone cases * Profit per phone case

Without the total investment amount, we cannot provide an exact figure for the maximum potential earnings. Please provide the investment amount to get a more accurate estimation.