The owner of the music shop pays 500 for each compact disk, Basic Statistics

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The owner of the music shop pays 500 for each compact disk

A music shop is promoting a sale in which the purchaser of a compact disk can roll a die, then deduct a dollar from the retail price for each dot that shows on the rolled die. It is equally likely that the die will come up any integer from 1 through 6.

The owner of the music shop pays $5.00 for each compact disk, then prices them at $9.00. During this special promotion, what will be the shop's average profit per compact disk sold?

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Basic Statistics: The owner of the music shop pays 500 for each compact disk

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