2 years ago

A company manufactured 50,000 units of a product at a cost of $450,000. It sold 45,000 units at $15 each. The gross profit is

Business

1 answer:

siniylev [52]2 years ago

4 0

Answer:

$270,000

Explanation:

Calculation for The gross profit

Using this formula

Gross profit = Sales + Cosing stock - Purchases

Let plug in the formula

Gross profit =(45,000*15) +

(450,000/50,000)*5,000 - 450,000

Gross profit =$675,000+(9*5,000)-450,000

Gross profit =$675,000+$45,000-450,000

Gross profit = $270,000

Therefore The gross profit is $270,000

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