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29 Jun 2017, 04:17
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D
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
5%
(low)
Question Stats:
93% (01:19) correct
7%
(01:51)
wrong
based on 328
sessions
History
Date
Time
Result
Not Attempted Yet
A certain company sold 800 units of its product for $8 each and 1,000 units of its product for $5 each. If the company’s cost of producing each unit of its product was $6, what was the company’s profit or loss on the 1,800 units of its product?
(A) $1,600
(B) $600 loss
(C) No profit or loss
(D) $600 profit
(E) $1,600 profit
(A) $1,600
(B) $600 loss
(C) No profit or loss
(D) $600 profit
(E) $1,600 profit
Luckisnoexcuse
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29 Jun 2017, 04:22
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Bunuel
loss from 1000 units will be 1$*1000 = 1000$
Profit from 800 units will be 2$*800 = 1600$
Overall 600$ Profit
D
sashiim20
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WE:Information Technology (Consulting)
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29 Jun 2017, 04:33
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Bunuel
Total number of units \(= 1800\)
Cost of producing each unit of its product \(= $6\)
Total Production Cost of \(1800\) units \(= 1800 * 6 = $10,800\)
\(800\) units of product sold for \($8\) each.
Total Selling price of \(800\) units \(= 800 * 8 = $6400\)
\(1,000\) units of product sold for \($5\) each.
Total Selling price of \(1,000\) units \(= 1000 * 5 = $5000\)
Total Selling price of \(1800\) units \(= 6400 + 5000 = $11,400\)
Total Profit = Total Selling price - Total Production Cost
Profit \(= 11,400 - 10,800 = $600\) Profit.
Answer (D)...
