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22 August, 18:39

Suppose Sam's Shoe Co. makes only one kind of shoe, which sells for $50 a pair. If they sold 500,000 pairs of shoes, and had a total cost of $1,000,000, what was the company's profit?

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  1. 22 August, 19:52
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    Big bucks!

    Revenue is 50x500k = 25M

    Assuming they get 100% and that isn't the retail price, they get 24m gross profit

    Before taxes

    M00lah mucho!
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