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Company C produces toy trucks at a cost of \$5.00 each for the first 100 trucks and \$3.50 for each additional truck. If 500 toy trucks were produced by Company C and sold for \$10.00 each, what was Company C's gross profit?
in GMAT Problem Solving by Platinum (110k points) | 60 views

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Total production cost = (100 x 5.00) + (400 x 3.50) = $1900

Total sales = 500 x 10.00 = $5000.00

Therefore gross profit = 5000 - 1900 = $3100.00
by Bronze Status (6.2k points)
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