Profit margin on item sold

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Berry Farm produces organic tomatoes and strawberries. In June 2016, it transported 115 boxes of strawberries with a price of $21 per box to the Bay Farmers' Market. Berry Farm paid an upfront fee of $160 to present its products at the market for one week, and the market earns a 25% profit margin on each item sold, but Berry Farm is responsible for any items that remain unsold at the end of the week.

Required:

The market was able to sell 75 boxes of strawberries to customers. How much revenue should Berry Farm recognize with respect to this transaction?

Reference no: EM131100863

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