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**sologuitar****Member**- Registered: 2022-09-19
- Posts: 467

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)*

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**Bob****Administrator**- Registered: 2010-06-20
- Posts: 10,542

You've done all the hard work.

Profit = total sales money minus total costs.

Bob

Children are not defined by school ...........The Fonz

You cannot teach a man anything; you can only help him find it within himself..........Galileo Galilei

Sometimes I deliberately make mistakes, just to test you! …………….Bob

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**amnkb****Member**- Registered: 2023-09-19
- Posts: 253

sologuitar wrote:

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

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**sologuitar****Member**- Registered: 2022-09-19
- Posts: 467

amnkb wrote:

sologuitar wrote: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?

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**amnkb****Member**- Registered: 2023-09-19
- Posts: 253

sologuitar wrote:

This together = $18,000.

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

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

amnkb wrote:

profit is income less outgo

profit is revenue minus costs

so subtract

sologuitar wrote:

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

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**sologuitar****Member**- Registered: 2022-09-19
- Posts: 467

amnkb wrote:

sologuitar wrote:This together = $18,000.

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

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

amnkb wrote:profit is income less outgo

profit is revenue minus costs

so subtractsologuitar wrote: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.

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**sologuitar****Member**- Registered: 2022-09-19
- Posts: 467

Bob wrote:

You've done all the hard work.

Profit = total sales money minus total costs.

Bob

Profit = $18,000 - $15,750

Profit = $2250

Yes?

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**amnkb****Member**- Registered: 2023-09-19
- Posts: 253

sologuitar wrote:

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

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**sologuitar****Member**- Registered: 2022-09-19
- Posts: 467

amnkb wrote:

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

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

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**Korsola****Novice**- From: Chech
- Registered: 2023-11-19
- Posts: 1

It's kind of the same thing

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**sologuitar****Member**- Registered: 2022-09-19
- Posts: 467

Korsola wrote:

It's kind of the same thing

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

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**freddi****Novice**- Registered: 2023-11-20
- Posts: 1

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.

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**sologuitar****Member**- Registered: 2022-09-19
- Posts: 467

freddi wrote:

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....

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