The total profit that Brenda's Board company earns after selling 100 skateboards is $3000
.
The formula for profit = Revenue - Production cost
<h3>Further explanation
</h3>
Many terms that we usually use in the business or accounting including:
1. Revenue is the income that business made, usually from selling products or services to customers.
2. Production cost is the total expenses used for manufacturing, this cost includes raw material, overhead, and labor
3. Profit is the amount that earns after the total cost of producing goods or offering services deducted from its revenue.
From the case above, we know that Brenda’s Boards sells the skateboard for $45 each.
The total cost for making one skateboard is $15, this cost by adding up all the production cost or the expenses
= The wheels and mounts + plastic board + paint + labor = $3+ $1 + $1 + $10 = $15
Using the formula and the information above we can calculate the profit for 100 skateboards:
Total revenue = $45 x 100 = $ 4500
Total cost = 100 x $15 = $1500
Profit = Revenue - Production cost (expenses) = $4500 - $1500 = $3000
<h3>Learn more
</h3>
Profit-sharing plan brainly.com/question/1494270
Revenue brainly.com/question/1332812
Production cost brainly.com/question/1176751
Keywords: business profit, revenue, production cost, business expenses
