Hi, did I do this correctly? If not, could someone please help me figure this out?

Your firm sells a product for 12.00 each and the cost of the product is 6.00 each. You sell 86,000 annually. What is the total annual cost of the product? What is the Annual Profit?

My answer,

Cost 172000 and Profit is 860000.

Your firm sells a product for 12.00 each and the cost of the product is 6.00 each. You sell 86,000 annually. What is the total annual cost of the product? What is the Annual Profit?

My answer,

Cost 172000 and Profit is 860000.

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