Question

Company X Sold 1,500 Units Of Its Product For $9 Each And 750 Units For $6 Each. If The Company's Cost Of Producing Each Unit Of The Product Was $7, What Was The Company's Profit Or Loss On The Sale Of 2,250 Units

Answer 1

Answer:

Company's Profit on The Sale Of 2,250 Units = $2,250.

Step-by-step explanation:

We are given that company X Sold 1,500 Units Of Its Product For $9 Each And 750 Units For $6 Each.

Revenue earned by company X on sold of 1,500 units for $9 each =1,500 x $9 = $13,500

Revenue earned by company X on sold of 750 units for $6 each = 750 x $6 = $4,500

Total revenue earned by company X on sale of 2,250 units = $13,500 + $4,500 = $18000

Total cost for the company on the sale of 2,250 units = 2,250 x $7 = $15750

Since, we are seeing that Revenue is greater than Cost so there is a profit for the company.

Company's Profit = Revenue - Cost = $18000 - $15750 = $2,250.

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