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by jainrahul1985 » Sat Aug 07, 2010 6:39 am
A certain company sold 800 units of its product for $8 each and 1,000 units of its product for $5 each. If the company's cost of producing each unit of its product was $6, what was the company's profit or loss on the 1,800 units of its product?

(A) $1,600 loss
(B) $600 loss
(C) No profit or loss
(D) $600 profit
(E) $1,600 profit

OA D
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by gmatrix » Sat Aug 07, 2010 6:53 am
CP of 1800 units@6$ each=6*1800=10800$
SP of 800 units @ 8$ each=6400$
SP of 1000 units @5$=5000$
total SP=11400
profit=11400-10800=600$
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by Gurpinder » Sat Aug 07, 2010 6:56 am
jainrahul1985 wrote:A certain company sold 800 units of its product for $8 each and 1,000 units of its product for $5 each. If the company's cost of producing each unit of its product was $6, what was the company's profit or loss on the 1,800 units of its product?

(A) $1,600 loss
(B) $600 loss
(C) No profit or loss
(D) $600 profit
(E) $1,600 profit

OA D
sold 800 units for $8 each so 800*8= $6400 (sale 1).
sold 1000 units for $5 each so 5*1000 = $5000 (sale 2)

cost of units sold in sale 1 = $6*800=$4800
cost of units sold in sale 2 = $6*1000=$6000

now all wehave to do is subtract things. taeaway the cost of each from its sale.

and you are left with a +$600 and thats your profit. so the answer is D.
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by sheelanadh » Mon Aug 09, 2010 10:08 am
Gurpinder wrote:
jainrahul1985 wrote:A certain company sold 800 units of its product for $8 each and 1,000 units of its product for $5 each. If the company's cost of producing each unit of its product was $6, what was the company's profit or loss on the 1,800 units of its product?

(A) $1,600 loss
(B) $600 loss
(C) No profit or loss
(D) $600 profit
(E) $1,600 profit

OA D
sold 800 units for $8 each so 800*8= $6400 (sale 1).
sold 1000 units for $5 each so 5*1000 = $5000 (sale 2)

cost of units sold in sale 1 = $6*800=$4800
cost of units sold in sale 2 = $6*1000=$6000

now all wehave to do is subtract things. taeaway the cost of each from its sale.

and you are left with a +$600 and thats your profit. so the answer is D.
thank u .........please give me little bit clarity...... ..........
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by Scott@TargetTestPrep » Mon Dec 18, 2017 7:57 am
jainrahul1985 wrote:A certain company sold 800 units of its product for $8 each and 1,000 units of its product for $5 each. If the company's cost of producing each unit of its product was $6, what was the company's profit or loss on the 1,800 units of its product?

(A) $1,600 loss
(B) $600 loss
(C) No profit or loss
(D) $600 profit
(E) $1,600 profit
The company made a total revenue of (800 x 8 + 1,000 x 5) = 6400 + 5000 = $11,400.

The total cost was 6 x 1800 = $10,800.

So, the profit was 11,400 - 10,800 = $600.

Answer: D

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