Question

A company sells each product they make for $72.00. They pay $2,200.00 in monthly costs, such as rent and bills, as well as $60.00 in manufacturing costs per unit. If the company sold 514 units last month, what was their total profit?

Answer 1

`\begin{gathered} \text{Company cost to produce 1 unit of product is,} \\ \Rightarrow cost=2200+60x \\ \text{here, x is the number of product} \\ So,\text{ the price of 514 cost is,} \\ Cost=2200+60*514 \\ \text{Cost}=\text{ \$33040} \\ \text{Now, selling Cost is} \\ \text{Selling}=514*72=\text{ \$37008} \\ \text{Now, profit is} \\ \text{Profit}=\text{selling}-cost \\ \text{Profit}=37008-33040 \\ \text{Profit}=\text{ \$3968} \end{gathered}`