Calculate the volume(units)if a firm has a gross profit of $60 million and a margin price of $300 per unit.
A)180,000 units
B)18,000 units
C)200,000 units
D)30,000 units
E)16,000 units

Question

Quizplus · Accepted Answer

Gross profit = Margin price per unit * Volume
$60 million = $300 * Volume
Volume = $60,000,000/$300 = 200,000 units. Therefore, the answer is C) 200,000 units.

Calculate the Volume(units)if a Firm Has a Gross Profit of $60