With the costs taken into account, what was
your total profit? Did you make money or lose money?
500,000 dollars
Phones cases
It will cost $0.60 to make each phone case. And the price for each phone case is $25
To determine the total profit, we need to calculate the cost to make each phone case and subtract it from the price for each phone case, and then multiply it by the number of phone cases sold.
Cost to make each phone case: $0.60
Price for each phone case: $25
Profit per phone case = Price - Cost = $25 - $0.60 = $24.40
Now let's assume the number of phone cases sold is 500,000.
Total profit = Profit per phone case * Number of phone cases sold
Total profit = $24.40 * 500,000 = $12,200,000
Based on these calculations, the total profit is $12,200,000. Therefore, you made money.
To calculate the total profit, we need to consider the cost and the revenue.
Cost per phone case: $0.60
Revenue per phone case: $25
To find the profit per phone case, we subtract the cost from the revenue:
Profit per phone case = Revenue per phone case - Cost per phone case
= $25 - $0.60
= $24.40
To find the total profit, we multiply the profit per phone case by the number of phone cases sold:
Total profit = Profit per phone case * Number of phone cases sold
= $24.40 * 500,000
= $12,200,000
Since the total profit is $12,200,000, it means that you made money.
To calculate the total profit, we need to subtract the costs from the revenue.
First, let's calculate the total cost of making the phone cases. We know that it costs $0.60 to make each phone case, and we need to find the cost of making 500,000 phone cases.
Cost per phone case * Number of phone cases = Total cost
$0.60 * 500,000 = $300,000
So, the total cost of making 500,000 phone cases is $300,000.
Next, let's calculate the total revenue from selling the phone cases. We know that the selling price for each phone case is $25, and we need to find the revenue from selling 500,000 phone cases.
Price per phone case * Number of phone cases = Total revenue
$25 * 500,000 = $12,500,000
So, the total revenue from selling 500,000 phone cases is $12,500,000.
Now, to calculate the total profit, we subtract the total cost from the total revenue.
Total revenue - Total cost = Total profit
$12,500,000 - $300,000 = $12,200,000
Based on these calculations, the total profit is $12,200,000.
Since the profit is positive, it means you made money.