At Sam's Swimming Pool Cleaning, Sam charges each of his 85 customers $25 per week for 52 weeks of service every year. Since pool cleaning is a service, it has no cost other than labor and supplies, which cost Sam $48,000 each year.
Calculate Sam's annual gross profit.
a.
$2,125
b.
$4,420
c.
$62,500
d.
$110,500
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