At an auction, a company sells 150 television sets for an average of
$65 each. The production cost was $10000. How much loss did the
company make?
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Answer: $250
TOTAL PRODUCTION COST = $10000
NUMBER OF TELEVISIONS SOLD = 150
AVERAGE COST OF EACH TV = $65
TOTAL AMOUNT OF MONEY GOT BY THE COMPANY BY SELLING TELEVISION SETS = 150*65
= $9750
LOSS MADE BY THE COMPANY = $10000-9750
= $250
SO THE COMPANY MADE AS LOSS OF $250
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