Question
In 2024 , a company made a profit of
million from selling laptops at
per
laptop. If their fixed costs are
per annum and the cost to produce each laptop
is
, how many laptops did they sell in 2024 ?
laptop. If their fixed costs are
is
Ask by Wilson Williams. in South Africa
Mar 28,2025
Upstudy AI Solution
Tutor-Verified Answer
Answer
The company sold 1,925 laptops in 2024.
Solution
-
Let
be the number of laptops sold. -
The company’s revenue from selling
laptops is: -
The total cost includes the fixed costs and the production cost per laptop. The fixed cost is
and the variable cost is: Thus, the total cost is: -
The profit is given by the revenue minus the total cost. Therefore:
-
Simplify the profit expression:
-
The company made a profit of
million, which is . Set the profit equation equal to : -
Solve for
: -
Therefore, the company sold
laptops in 2024.
Answered by UpStudy AI and reviewed by a Professional Tutor
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Bonus Knowledge
To find out how many laptops were sold in 2024, we can start with the profit formula:
Where total costs comprise fixed costs and variable costs related to production.
The revenue from selling
laptops at
each is:
The total costs consist of fixed costs and variable costs (cost per laptop times the number of laptops sold):
Plugging these into the profit equation gives:
Simplifying this:
Combining like terms:
Adding
to both sides:
Now, dividing both sides by
:
Thus, the company sold 1,925 laptops in 2024.