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A person set up a factory which included setting up machines, which co
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11 Apr 2023, 00:23
11 Apr 2023, 00:23
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Question Stats:
75% (01:47) correct
25% (03:04) wrong based on 8 sessions
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A person set up a factory which included setting up machines, which costs $80,000 and the cost of producing each item was $10. If the manufacturer wants to make a profit of atleast $120,000 on the sale of 50,000 units, what should be the minimum selling price of each item?
$10
$12.4
$13.4
$14
$16
$10
$12.4
$13.4
$14
$16
Re: A person set up a factory which included setting up machines, which co
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11 Apr 2023, 07:00
11 Apr 2023, 07:00
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Total cost = 80K + 50K * 10 = 580K
Selling Price = 120K + 580K = 700k/50K = 14
Selling Price = 120K + 580K = 700k/50K = 14
Re: A person set up a factory which included setting up machines, which co
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06 Nov 2025, 05:33
06 Nov 2025, 05:33
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Thanks to another GRE Prep Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).
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