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30 Aug 2024, 11:54
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C
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
15%
(low)
Question Stats:
93% (02:28) correct
8%
(02:51)
wrong
based on 40
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A company produces two toy Cars: Nomad and Wanderer. The company sells Nomad at a profit of 20% and Wanderer at a profit of 30%. The production cost for each unit of Nomad is $50, and the production cost for each unit of Wanderer is $40. Last month, the company sold 300 units of Nomad and 200 units of Wanderer. What was the company's total profit from these sales?
A) $3,600
B) $4,800
C) $5,400
D) $6,800
E) $7,200
A) $3,600
B) $4,800
C) $5,400
D) $6,800
E) $7,200
C.
- Nomad:
- Production cost: $50
- Profit margin: 20%
- Selling price = $50 + (20% of $50) = $50 + $10 = $60
- Profit per Nomad = $60 - $50 = $10
- Total profit from 300 units = 300 × $10 = $3,000
- Wanderer:
- Production cost: $40
- Profit margin: 30%
- Selling price = $40 + (30% of $40) = $40 + $12 = $52
- Profit per Wanderer = $52 - $40 = $12
- Total profit from 200 units = 200 × $12 = $2,400
- Total profit = $3,000 + $2,400 = $5,400
30 Aug 2024, 23:24
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nafuzzz
To find the company's total profit from the sales of the toy cars Nomad and Wanderer, let's break it down step by step.
- Profit per unit of Nomad:
- Production cost = $50
- Profit percentage = 20%
- Profit per unit = 20% of $50 = 20100×50=10\frac{20}{100} \times 50 = 1010020×50=10 dollars
- Profit per unit of Wanderer:
- Production cost = $40
- Profit percentage = 30%
- Profit per unit = 30% of $40 = 30100×40=12\frac{30}{100} \times 40 = 1210030×40=12 dollars
- Total profit from selling Nomad:
- Units sold = 300
- Total profit from Nomad = 300 units × $10 = $3,000
- Total profit from selling Wanderer:
- Units sold = 200
- Total profit from Wanderer = 200 units × $12 = $2,400
- Total profit from both Nomad and Wanderer:
- Total profit = $3,000 (Nomad) + $2,400 (Wanderer) = $5,400
So, the correct answer is C) $5,400.
