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A company sells radios for $15.00 each. It costs the company $14.00 pe

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A company sells radios for $15.00 each. It costs the company $14.00 pe  [#permalink]

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New post 30 Jul 2018, 00:17
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  15% (low)

Question Stats:

83% (01:09) correct 18% (00:59) wrong based on 40 sessions

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A company sells radios for $15.00 each. It costs the company $14.00 per radio to produce 1,000 radios and $13.50 per radio to produce 2,000 radios. How much greater will the company's gross profit be from the production and sale of 2,000 radios than from the production and sale of 1,000 radios?

A. $500
B. $1,000
C. $1,500
D. $2,000
E. $2,500


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(PS01949)

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Re: A company sells radios for $15.00 each. It costs the company $14.00 pe  [#permalink]

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New post 30 Jul 2018, 01:17
Bunuel wrote:
A company sells radios for $15.00 each. It costs the company $14.00 per radio to produce 1,000 radios and $13.50 per radio to produce 2,000 radios. How much greater will the company's gross profit be from the production and sale of 2,000 radios than from the production and sale of 1,000 radios?

A. $500
B. $1,000
C. $1,500
D. $2,000
E. $2,500


NEW question from GMAT® Quantitative Review 2019


(PS01949)



Selling price per radio = 15

Phase 1:

production cost of 1000 radios = 14*1000 = 14000

Total selling price of 1000 radios = 15*1000 = 15000

Profit = 1000

Phase 2 :

total selling price of 2000 = 15*2000 = 30000

Total production cost of 2000 radios = 13.50*2000 = 27000

Profit = 30000 -27000 = 3000

Difference in profit = 3000 -1000 = 2000

The best answer is D.
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Re: A company sells radios for $15.00 each. It costs the company $14.00 pe  [#permalink]

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New post 30 Jul 2018, 01:28
Bunuel wrote:
A company sells radios for $15.00 each. It costs the company $14.00 per radio to produce 1,000 radios and $13.50 per radio to produce 2,000 radios. How much greater will the company's gross profit be from the production and sale of 2,000 radios than from the production and sale of 1,000 radios?

A. $500
B. $1,000
C. $1,500
D. $2,000
E. $2,500


NEW question from GMAT® Quantitative Review 2019


(PS01949)


OA:D

1st case: production and sale of 1,000 radios
Selling price/unit = $15.00
Cost price/unit = $14.00
Profit /unit = $1.00
Profit on 1000 units = $1.00*1000 =$1000

2nd case: production and sale of 2,000 radios
Selling price/unit = $15.00
Cost price/unit = $13.50
Profit /unit = $1.50
Profit on 2000 units = $1.50*2000 =$3000

Difference in gross profit = $3000-$1000 =$2000
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Re: A company sells radios for $15.00 each. It costs the company $14.00 pe  [#permalink]

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New post 10 Aug 2018, 18:56
Bunuel wrote:
A company sells radios for $15.00 each. It costs the company $14.00 per radio to produce 1,000 radios and $13.50 per radio to produce 2,000 radios. How much greater will the company's gross profit be from the production and sale of 2,000 radios than from the production and sale of 1,000 radios?

A. $500
B. $1,000
C. $1,500
D. $2,000
E. $2,500


The gross profit for 1,000 radios is:

15 x 1000 - 14 x 1000 = 1000(15 - 14) = $1000

The gross profit for 2,000 radios is:

15 x 2000 - 13.5 x 2000 = 2000(15 - 13.5) = 2000 x 1.5 = $3000.

The difference is $2000.

Answer: D
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Re: A company sells radios for $15.00 each. It costs the company $14.00 pe &nbs [#permalink] 10 Aug 2018, 18:56
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