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Thread: Cost, Profit

  1. #1
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    Cost, Profit

    Hi, did I do this correctly? If not, could someone please help me figure this out?
    Your firm sells a product for 12.00 each and the cost of the product is 6.00 each. You sell 86,000 annually. What is the total annual cost of the product? What is the Annual Profit?

    My answer,
    Cost 172000 and Profit is 860000.
    Last edited by newuser189; Oct 28th 2018 at 12:54 AM.
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  2. #2
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    Re: Cost, Profit

    NO!
    Read the problem again, CAREFULLY...

    If you buy a ball for 1.00 and sell it for 2.00, what is your profit?
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  3. #3
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    Re: Cost, Profit

    Is the Cost and Profit both 516000?
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  4. #4
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    Re: Cost, Profit

    Yes...may we know what grade you're in? Makes it easier to help....
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