Company A produces toy trucks at a cost of Rs. 50.00 each for the first 100
trucks and Rs. 35.00 for each additional truck. If 500 toy trucks were produced
by Company A and sold for Rs. 100.00 each, what was Company A's gross
profit?
🎥 Video solution / Text Solution of this question is given below:
Gross Profit Calculation for Toy Trucks
Company A produced 500 toy trucks.
- Cost for first 100 trucks = Rs. 50 each
- Cost for next 400 trucks = Rs. 35 each
- Selling price per truck = Rs. 100
Step 1: Calculate total cost
Cost for first 100 trucks:
$$ 100 \times 50 = 5000 \text{ Rs} $$