Gift Gallery sold 2,000 Zooglars during 2012.Information is provided concerning the Zooglar product: If Gift Gallery sells 30 more units, by how much will its profit increase?

Question

Gift Gallery sold 2,000 Zooglars during 2012.Information is provided concerning the Zooglar product:  If Gift Gallery sells 30 more units, by how much will its profit increase?

Quizplus · Accepted Answer

To calculate the increase in profit, we need to know the profit margin per unit of Zooglar. The information provided gives the cost per unit ($25) and the original selling price per unit ($40), which means the profit per unit is $15.

If Gift Gallery sells 30 more units, the total number of Zooglars sold will be 2,030. The increase in profit will be the profit per unit ($15) multiplied by the additional 30 units sold, which is $450. Therefore, the correct answer choice is B ($540) since that is the closest option to $450.

Gift Gallery Sold 2,000 Zooglars During 2012