Cameron's Lamp Emporium produced 300 lamps but sold only 230 of the units it produced. The average cost of production for each unit of output produced was $100. The price for each of the 230 units sold was $90. Total profit for Cameron's Lamp Emporium would be

Question

Quizplus · Accepted Answer

The total cost of production is 300 units * $100/unit = $30,000. The total revenue from selling 230 units at $90 each is 230 units * $90/unit = $20,700. The total profit is total revenue - total cost = $20,700 - $30,000 = -$9,300. However, none of the options match this calculation, suggesting a possible mistake in the interpretation of the question or in the provided options. Given the options, the closest to a logical answer based on the provided calculation would be a loss, which is option A, but the exact figures do not match the calculation.

Cameron's Lamp Emporium Produced 300 Lamps but Sold Only 230