Question

The Big Wave Surf Shop sells 8 ounce containers of sunscreen for $8 each. The total daily cost associated with the sale of this item yesterday was $200. What is the shop’s profit if it sold 150 units of sunscreen yesterday?

Answer 1

The shop’s profit if it sold 150 units of sunscreen yesterday is $1000

Explanation:

The total daily cost associated with the sale of this item yesterday was $200.

Cost of 1 unit = $8

So, Cost of 150 units =
`8 * 150`

=
`1200`

So, revenue = $1200

Cost = $200

So Profit = Revenue - Cost

Profit = $1200-$200

Profit = $1000

Hence the shop’s profit if it sold 150 units of sunscreen yesterday is $1000