The profit per unit is $5 and the total profit is $2,500.
Given in the Question:
Number of units = 500
Average cost per unit = $9
Market Price = $14
The profit per unit is calculated using formula:
= Market price - Average cost
= 14 - 9
= $5
The total profit is calculated using formula:
= Profit per unit x Number of units sold
= 5 x 500
= $2,500
Hence, The profit per unit is $5 and the total profit is $2,500.
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