Brenda’s Boards manufactures skateboards. Each skateboard sells for $45 and includes the following expenses: $3 for the wheels and mounts, $1 for the plastic board, $1 for the paint, and $10 for the labor. What is the total profit the company earns after selling 100 boards? $300 $350 $3,000 $3,500
Answers 3
Answer:
Profit on sale of 100 skateboards is $3000
Explanation:
Given:
Selling price of each skateboard = $45
Expenses include $3 for the wheels and mounts, $1 for the plastic board, $1 for the paint, and $10 for the labor
To find: Total profit the company earns after selling 100 boards
Solution:
Cost price of each skateboard = $3 + $1 + $1 + $10 = $15
Selling price of each skateboard = $45
Profit on sale of each skateboard = $45 - $15 = $30
Profit on sale of 100 skateboards = $30 × 100 = $3000
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Author:
kalliehuang
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The total profit the company earns after selling 100 boards is $3,000.
Total profit:
First step is to calculate the total cost
Total cost=($3+ $1 + $1 + $10)×100
Total cost= $15×100
Total cost=$1,500
Second step is to calculate the total revenue
Total revenue=$45×100
Total revenue=$4,500
Third step is to calculate the total profit
Total profit=$4,500-$1,500
Total profit=$3,000
Inconclusion the total profit the company earns after selling 100 boards is $3,000.
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Author:
audreyuujb
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Rate an answer:
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