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15 Aug 2019, 00:04
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C
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Difficulty:
25%
(medium)
Question Stats:
76% (01:57) correct
24%
(02:19)
wrong
based on 45
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Company X bought a shipment of light bulbs $3 per bulb, paid $1,200 to store and ship the bulbs, and later sold the bulbs for $13 per bulb. The gross profit earned from these sales is the total income from sales minus the total cost. If a batch contained 1,500 light bulbs, then Company X's gross profit per bulb is
A. $8.80
B. $9.00
C. $9.20
D. $9.80
E. $10.00
A. $8.80
B. $9.00
C. $9.20
D. $9.80
E. $10.00
15 Aug 2019, 07:59
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Bunuel
Company X bought a shipment of light bulbs $3 per bulb, paid $1,200 to store and ship the bulbs, and later sold the bulbs for $13 per bulb. The gross profit earned from these sales is the total income from sales minus the total cost. If a batch contained 1,500 light bulbs, then Company X's gross profit per bulb is
A. $8.80
B. $9.00
C. $9.20
D. $9.80
E. $10.00
A. $8.80
B. $9.00
C. $9.20
D. $9.80
E. $10.00
total gross profit ; ( 1500*13)- ( ( 3*1500)+1200)
gross profit ; 13800
so per bulb ; 13800/1500 ; 9.2
IMO C
15 Aug 2019, 09:11
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Bunuel
Company X bought a shipment of light bulbs $3 per bulb, paid $1,200 to store and ship the bulbs, and later sold the bulbs for $13 per bulb. The gross profit earned from these sales is the total income from sales minus the total cost. If a batch contained 1,500 light bulbs, then Company X's gross profit per bulb is
A. $8.80
B. $9.00
C. $9.20
D. $9.80
E. $10.00
A. $8.80
B. $9.00
C. $9.20
D. $9.80
E. $10.00
Given: Company X bought a shipment of light bulbs $3 per bulb, paid $1,200 to store and ship the bulbs, and later sold the bulbs for $13 per bulb. The gross profit earned from these sales is the total income from sales minus the total cost.
Asked: If a batch contained 1,500 light bulbs, then Company X's gross profit per bulb is
Cost price per bulb = $3
Sales price per bulb = $13
Shipping per bulb = $1200/1500 = $0.8
Gross profit per bulb = $13 - $3 - $0.8 = $9.2
IMO C
