A 4-column table has 7 rows. The first column is labeled Bikes produced per day with entries 0, 1, 2, 3, 4, 5, 6, 7. The second column is labeled Total cost with entries 0, 80, 97, 110, 130, 160, 210, 270. The third column is labeled Total revenue with entries 0, 50, 100, 150, 200, 250, 300, and 350. The fourth column is labeled Profit with all blank entries. Using this table, calculate the profit at each level of bicycle production. One bike: -$ Two bikes: $ Three bikes: $ Four bikes: $ Five bikes: $ Six bikes: $ Seven bikes: $

The profits at each level of bicycle production varies with the total cost, total revenue, and level of production, the profits are as follows:

One bike: -$30

Two bikes: $3

Three bikes: $40

Four bikes: $70

Five bikes: $90

Six bikes: $90

Seven bikes: $80

The profit is the amount retained by the business after paying off the expenses and other costs. It is determined by preparing the profit and loss account at the end of each financial year.

The formula used to determine the profit is:

The computation of profit for each production level is shown in the image attached below.

To know more about profits, refer to the link:

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At each level of bicycle production profits are -$30  for the 1st bike produced,$3 for second bike produced,$40 for third bike,$70 for fourth bike,$90 for fifth bike, $90 for sixth bike, $80 for Seventh bike.

Explanation:

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