A firm produces 220 units of a good which cost an average of 8.25 each to produce and sells them at a price of 9.95. What is its profit?

Cost of one good = $200÷8.25=26.67$

$\pi =TR-TC$

$TR=p\times q$

$9.95\times 220=2189$

$TC=8.25\times 220=1815$

$\pi =2189-1815$

$=374$