Question
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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 ?

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

  1. Let be the number of laptops sold.
  2. The company’s revenue from selling laptops is:
  3. 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:
  4. The profit is given by the revenue minus the total cost. Therefore:
  5. Simplify the profit expression:
  6. The company made a profit of million, which is . Set the profit equation equal to :
  7. Solve for :
  8. Therefore, the company sold laptops in 2024.

Answered by UpStudy AI and reviewed by a Professional Tutor

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Explain
Simplify this solution

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.

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