Problem: The PlasmaPix company has developed a new, 50" curved panel 3D TV, which it intends to sell directly to consumers via the internet. At a selling price of $999 PlasmaPix estimates that it will sell 30,000 units. It costs $700 per unit to produce each flat panel TV and deliver it to the customer. If PlasmaPix incurs fixed overhead expenses of $5 million, how much net profit will it earn? Please show steps how you get an answer and please be clear in your explanation.

• $8,970,000
• $29,970,000
• $3,970,000
• $1.794