Assume that Acme Anvil company sells 100 anvils at a price of $5 each. Cost per anvil is $4. What is total profit?

Name: Assume that Acme Anvil company sells 100 anvils at a price of $5 each. Cost per anvil is $4. What is total profit?
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Question

Quizplus · Accepted Answer

Total profit is calculated by subtracting the total cost from the total revenue. Here, total revenue is 100 anvils * $5 = $500, and total cost is 100 anvils * $4 = $400. So, total profit = $500 - $400 = $100.

Assume That Acme Anvil Company Sells 100 Anvils at a Price