A company buys 100 computers for $1000 and sells 80 for $1200.What is gross profit?
A) $16 000
B) $20 000
C) $40 000
D) None of the answers provided

Question

Quizplus · Accepted Answer

The cost of 80 computers is $800 (since 100 computers cost $1000, each computer costs $10, so 80 computers cost 80 x $10 = $800). The selling price for 80 computers is $1200. Therefore, the gross profit is $1200 - $800 = $400.

A Company Buys 100 Computers for $1000 and Sells 80