Question

Medal for help-A company produced 4,985 gadets at a cost of $2.07 each. The company sold 4,109 of the gadgets for $14.99 each.Which is the closest estimate of the company's profit or loss ?
A. $40,000 loss
b. $50,000 loss
c $60,000 Profit
d. $50,000 profit

Answer 1

@shiraz14 any clue ?

Answer 2

Wait no I meant d

Answer 3

Yes

Answer 4

Profit = Total sales - Total expenditure = (4109x14.99)-(4985x2.07) ~ (4100x15)-(5000x2) = 61500-10000 = 51500 (a gain of ~51500)

The closest estimate would thus be d.

Answer 5

Cool Ty I got the same