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What is the profit or loss the company can expect

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    Assignment ID: FG133134362

    Question – A company makes electronic gadgets. 2% are faulty, the company doesn’t know which ones are faulty until a buyer complains. Suppose the company makes a $147 profit on each sale, but suffers a loss of $7 for every faulty gadget because they have to repair the unit. What is the profit (or loss) the company can expect to make from selling 100 units?

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