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30 Oct 2019, 08:28
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D
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Difficulty:
5%
(low)
Question Stats:
96% (01:39) correct
4%
(01:21)
wrong
based on 51
sessions
History
Date
Time
Result
Not Attempted Yet
Company X sold 1,500 units of its product for $9 each and 750 units for $6 each. If the company's cost of producing each unit of the product was $7, what was the company's profit or loss on the sale of 2,250 units?
A $2250 loss
B $750 loss
C No profit or loss
D $2250 profit
E $18,000 profit
A $2250 loss
B $750 loss
C No profit or loss
D $2250 profit
E $18,000 profit
Source: Manhattan Review
30 Oct 2019, 11:10
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To find profit, subtract production costs from money made.
((1500*9)+(750*6)-(2250*7))
=2250
Since our result is positive, then the profit is $2250
Ans=D
((1500*9)+(750*6)-(2250*7))
=2250
Since our result is positive, then the profit is $2250
Ans=D
01 Nov 2019, 19:58
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SajjadAhmad
Since Profit = Revenue - Cost, we have:
Profit = (1,500 x 9 + 750 x 6) - (2,250 x 7) = 18,000 - 15,750 = $2,250
Answer: D
