How to Calculate Profit from Producing and Selling Soccer Nets

Question:

How much profit does the company make from producing and selling four soccer nets?

a) $51

b) $80

c) $109

d) $137

Answer:

The correct answer is c) $109

Calculating profit involves subtracting the total cost from the total revenue. In this case, the company produces four soccer nets for a total cost of $11 per net, resulting in a total cost of $44. The total revenue generated from selling the four soccer nets is $120.

To find the profit, we subtract the total cost from the total revenue: $120 - $44 = $76.

Therefore, the company makes a profit of $76 from producing and selling four soccer nets.