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Pls help :(

If the team charges $10 per dream bag and sells all 100 bags how much revenue will they collect?

If the team sells all 100 bags how much profit will they make
(hint revenue - total cost = profit)

User Clav
by
8.1k points

2 Answers

3 votes

Answer:

$1000 (Revenue)

$400 (Profit)

Step-by-step explanation:

Given:

Price - $10

Quantity - 100 bags

Total revenue formula:

Total revenue = price * quantity

Substitute values:

Total revenue = 10 * 100


Calculate:

Total revenue = $1000

User Bammab
by
7.5k points
2 votes

Answer:

Step-by-step explanation:

If the team charges $10 per dream bag and sells all 100 bags, their revenue will be:

Revenue = Price per bag x Number of bags sold

Revenue = $10 x 100

Revenue = $1000

Therefore, if the team sells all 100 bags, they will collect $1000 in revenue.

To calculate the profit, we need to know the total cost of producing and selling the dream bags. Let's assume that the total cost is $600.

Profit = Revenue - Total Cost

Profit = $1000 - $600

Profit = $400

Therefore, if the team sells all 100 bags at a price of $10 per bag and has a total cost of $600, they will make a profit of $400.

User BinaryTofu
by
7.9k points