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?

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03-11-2022
Mathematics

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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?

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AnalisiaY738814 AnalisiaY738814 · Answer 1 · 2022-11-03T18:48:59-04:00

[tex]\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\times514 \\ \text{Cost}=\text{ \$33040} \\ \text{Now, selling Cost is} \\ \text{Selling}=514\times72=\text{ \$37008} \\ \text{Now, profit is} \\ \text{Profit}=\text{selling}-cost \\ \text{Profit}=37008-33040 \\ \text{Profit}=\text{ \$3968} \end{gathered}[/tex]

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