Question

A furniture company sells a desk for $1,435. It cost the company $817 to make the desk. Last month, 253 desks were sold. What is the total profit earned by the company from the desk last month?

Answer 1

Net profit= $156,354

Explanation:

Giving the following information:

A furniture company sells a desk for $1,435. It cost the company $817 to make the desk. Last month, 253 desks were sold.

To calculate the net profit, we need to use the following formula:

Net profit= number of units sold*(selling price - unitary cost)

Net profit= 253*(1,435 - 817)

Net profit= $156,354