Company C produces toy trucks at a cost of $5.00 each for the first 100 trucks and $3.50 for each ...

Company C produces toy trucks at a cost of $5.00 each for the first 100 trucks and $3.50 for each additional truck. If 500 toy trucks were produced by Company C and sold for $8.00 each, what was Company C’s gross profit?

Quiz

Answer/Solution

$2,100

Steps/Work

Cost of 500 trucks: (100 * 5 ) + (400 * 3.5) = 500 + 1400 =$ 1900
Revenue : 500 * 8 = $4000
Profit: 4000 - 1900 = $ 2100
Option C is correct

Gain Calculator / Auto Solver

Company c produces toy trucks at a cost of $ each for the first trucks and $ for each additional truck. If toy trucks were produced by company c and sold for $ each, what was company c ’ s gross profit?

Calculated Answer

2

Step by Step Solution

In order to solve problem, you must evaluate floor((n3 * n4 - n0 * n1 - n2 * (n3 - n1)) / 1000).

n0 =5.00
n1 =100
n2 =3.50
n3 =500
n4 =8.00