Math Is Fun Forum

sologuitar

Member

Registered: 2022-09-19

Posts: 467

Company's Profit or Loss

Company X sold 1,500 units of its product for $9 each and 750 units for $6 each. If the company's cost of producing each unit of the product was $7, what was the company's profit or loss on the sale of 2,250 units?

Let me see.

So, 1,500 units at $9 each = $13,500.
Also, 750 units at $6 each = $4,500.
This together = $18,000.

Also 2250 units at $7 each = $15, 750.

The company's profit or loss is the confusing part for me.
Must I add $18,000 and $15,750 to show the company's profit?

Stuck here....

Last edited by sologuitar (2023-11-14 03:39:07)

Bob

Administrator

Registered: 2010-06-20

Posts: 10,631

Re: Company's Profit or Loss

You've done all the hard work.

Profit = total sales money minus total costs.

Bob

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amnkb

Member

Registered: 2023-09-19

Posts: 253

Re: Company's Profit or Loss

Company X sold 1,500 units of its product for $9 each and 750 units for $6 each. If the company's cost of producing each unit of the product was $7, what was the company's profit or loss on the sale of 2,250 units?

So, 1,500 units at $9 each = $13,500.
Also, 750 units at $6 each = $4,500.
This together = $18,000.

Also 2250 units at $7 each = $15, 750.

The company's profit or loss is the confusing part for me.

profit is income less outgo
profit is revenue minus costs
so subtract

sologuitar

Member

Registered: 2022-09-19

Posts: 467

Re: Company's Profit or Loss

Company X sold 1,500 units of its product for $9 each and 750 units for $6 each. If the company's cost of producing each unit of the product was $7, what was the company's profit or loss on the sale of 2,250 units?

So, 1,500 units at $9 each = $13,500.
Also, 750 units at $6 each = $4,500.
This together = $18,000.

Also 2250 units at $7 each = $15, 750.

The company's profit or loss is the confusing part for me.

profit is income less outgo
profit is revenue minus costs
so subtract

Subtract what? It cannot be 18,000 - 15,750, right?

amnkb

Member

Registered: 2023-09-19

Posts: 253

Re: Company's Profit or Loss

This together = $18,000.

Also 2250 units at $7 each = $15, 750.

The company's profit or loss is the confusing part for me.

profit is income less outgo
profit is revenue minus costs
so subtract

Subtract what? It cannot be 18,000 - 15,750, right?

why not?
the 18000 is revenue or income
the 15750 is cost or outgo
profit is what is left after subtracting cost/outgo from revenue/income
so 18000 - 15750 is the right subtraction

sologuitar

Member

Registered: 2022-09-19

Posts: 467

Re: Company's Profit or Loss

This together = $18,000.

Also 2250 units at $7 each = $15, 750.

The company's profit or loss is the confusing part for me.

profit is income less outgo
profit is revenue minus costs
so subtract

Subtract what? It cannot be 18,000 - 15,750, right?

why not?
the 18000 is revenue or income
the 15750 is cost or outgo
profit is what is left after subtracting cost/outgo from revenue/income
so 18000 - 15750 is the right subtraction

In that case the profit is $2250.

sologuitar

Member

Registered: 2022-09-19

Posts: 467

Re: Company's Profit or Loss

You've done all the hard work.

Profit = total sales money minus total costs.

Bob

Profit = $18,000 - $15,750

Profit = $2250

Yes?

amnkb

Member

Registered: 2023-09-19

Posts: 253

Re: Company's Profit or Loss

Company X sold 1,500 units of its product for $9 each and 750 units for $6 each. If the company's cost of producing each unit of the product was $7, what was the company's profit or loss on the sale of 2,250 units?

Just answer the questions posted and keep your text math-related.

sologuitar

Member

Registered: 2022-09-19

Posts: 467

Re: Company's Profit or Loss

Company X sold 1,500 units of its product for $9 each and 750 units for $6 each. If the company's cost of producing each unit of the product was $7, what was the company's profit or loss on the sale of 2,250 units?

Just answer the questions posted and keep your text math-related.

Isn't that what I did? Did I do something different?

Korsola

Novice

From: Chech

Registered: 2023-11-19

Posts: 1

Re: Company's Profit or Loss

It's kind of the same thing

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sologuitar

Member

Registered: 2022-09-19

Posts: 467

Re: Company's Profit or Loss

It's kind of the same thing

Kind of? It's either the same thing or it is not.

freddi

Novice

Registered: 2023-11-20

Posts: 1

Re: Company's Profit or Loss

Now, to find the profit or loss, subtract the total cost from the total revenue: $18,000 (Total revenue) - $15,750 (Total cost) = $2,250 So, the company's profit on the sale of 2,250 units is $2,250.

sologuitar

Member

Registered: 2022-09-19

Posts: 467

Re: Company's Profit or Loss

Now, to find the profit or loss, subtract the total cost from the total revenue: $18,000 (Total revenue) - $15,750 (Total cost) = $2,250 So, the company's profit on the sale of 2,250 units is $2,250.

Cool. Moving on....