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02 Mar 2026, 20:00
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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:
35%
(medium)
Question Stats:
72% (01:55) correct
28%
(01:58)
wrong
based on 93
sessions
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Not Attempted Yet
A company produces school bags. The cost for producing the first 1,000 bags of a particular design, owing to initial expenses, turns out to be $30 per bag. Thereafter, the cost reduces to $10 per bag. If the company produced 5,000 bags of a certain design and sold them all at an average price of $20 per bag, which of the following will represent the best approximation for the percentage profit earned by the company on the expenses incurred in producing these bags?
A. 10%
B. 20%
C. 30%
D. 40%
E. 50%
A. 10%
B. 20%
C. 30%
D. 40%
E. 50%
02 Mar 2026, 23:06
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Total Cost:
1000*30 = 30,000
4000*10 = 40,000
Summation = 70,000
Total SP:
5000*20 = 100,000
Profit%:
100,000-70,000/70,000*100 = 42%
Closest is Option D IMO
1000*30 = 30,000
4000*10 = 40,000
Summation = 70,000
Total SP:
5000*20 = 100,000
Profit%:
100,000-70,000/70,000*100 = 42%
Closest is Option D IMO
ExpertsGlobal5
03 Mar 2026, 00:56
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Total Cost (Investment):
First 1,000 bags: 1,000×30=$ 30,000
Remaining 4,000 bags: 4,000×10=$ 40,000
Total Cost =30,000+40,000=$ 70,000
Total Revenue:
5,000 bags ×20=$100,000
Profit:
100,000−70,000=$ 30,000
Percentage Profit:
Percentage Profit =( Profit/Cost )×100=( 30,000/70,000 )×100 = 42.9
Best Approximation: 40 %
First 1,000 bags: 1,000×30=$ 30,000
Remaining 4,000 bags: 4,000×10=$ 40,000
Total Cost =30,000+40,000=$ 70,000
Total Revenue:
5,000 bags ×20=$100,000
Profit:
100,000−70,000=$ 30,000
Percentage Profit:
Percentage Profit =( Profit/Cost )×100=( 30,000/70,000 )×100 = 42.9
Best Approximation: 40 %
