8. a company sells a product for $15.99 each. the expenses to make the product this month totaled $25,000…

8. a company sells a product for $15.99 each. the expenses to make the product this month totaled $25,000. if they make a profit of $5,381 this month, how many products did they sell?

8. a company sells a product for $15.99 each. the expenses to make the product this month totaled $25,000. if they make a profit of $5,381 this month, how many products did they sell?

Answer

Explanation:

Step1: Find total revenue

Profit = Revenue - Expenses. So, Revenue = Profit + Expenses. Revenue = $5381+ 25000=$30381$

Step2: Calculate number of products sold

Let the number of products sold be $n$. Since each product is sold for $$15.99$, and Revenue = Price per - unit $\times$ Number of units. Then $n=\frac{\text{Revenue}}{\text{Price per unit}}$. $n=\frac{30381}{15.99}=1900$

Answer:

1900