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Suppose Sam's Shoe Co. makes only one kind of shoe, which sells for $50 a pair. If they sold 500,000 pairs of shoes, and had a total cost of $1,000,000, what was the compan…

Suppose Sam's Shoe Co. makes only one kind of shoe, which sells for $50 a pair. If they sold 500,000 pairs of shoes, and had a total cost of $1,000,000, what was the compan…
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Suppose Sam's Shoe Co. makes only one kind of shoe, which sells for $50 a pair. If they sold 500,000 pairs of shoes, and had a total cost of $1,000,000, what was the company's profit?

User Ekim Boran
by
8.1k points

1 Answer

2 votes
Big bucks!
Revenue is 50x500k = 25M
Assuming they get 100% and that isn't the retail price, they get 24m gross profit
Before taxes
M00lah mucho!
User Jigish
by
8.5k points
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