The total amount lost by the company is the product of the number of tubes given away and the cost per tube, which is $1015
Given the Parameters :
- Cost per tube = $7.25
- Total number of tubes sold = 280
The number of free tubes given away can be calculated thus :
- Total number of tubes sold / 2
Total Number of tubes given away = 140 tubes of paint
Total amount lost = Cost per tube × number given away
- Total amount lost = $7.25 × 140 = $1015
Therefore, the total amount lost during the giveaway is $1015
Learn more :https://brainly.com/question/18109354
