Asked by Maria Alanis on Jul 13, 2024

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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

A) -$2,300.
B) $20,700.
C) $27,000.
D) $30,000.

Total Profit

The net profit a company earns, calculated by deducting all costs from its total income.

Average Cost of Production

The total cost of production divided by the quantity of output produced, indicating the cost to produce each unit of output.

  • Ascertain the aggregate revenue, total expenditures, and earnings across diverse circumstances.
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Daniela MartinezJul 19, 2024
Final Answer :
A
Explanation :
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.