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If a car company sold a vehicle for $50000 and was produced by 10000 what is the profit?

1 Answer

7 votes

Answer:

$ 40,000

Step-by-step explanation:

profits are obatined by substracting toatl expenses from total revenues.

i.e profits= Total revenue - total costs

in this case: cost of production = $ 10,000.00

selling price = $ 50,000.00

profits= $50,000-$ 10,000= $ 40,000

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