Last month, all units of product X produced by a certain company sold out and the company's total cost were equal to $90000 plus 10 percent of the company's total revenue from all units of product X sold. If the company made a profit on product X last month , was the unit price of product X sold greater than $5 ?
1. The company's total costs of all units of X product sold were $120,000.
2. The number of all Units of product X sold last month is less than 20000.
I didn't understand how the second statement is sufficient.
Is this correct? pq > 90000 + pq/10. But it is also given that q<20000.
Please explain!
1. The company's total costs of all units of X product sold were $120,000.
2. The number of all Units of product X sold last month is less than 20000.
I didn't understand how the second statement is sufficient.
Is this correct? pq > 90000 + pq/10. But it is also given that q<20000.
Please explain!
