Suppose that each widget sells for Rs 150. What is the profit earned by ABC Ltd. in July? (Profit is defined as the excess of sales revenue over total cost.)
Explanation:
Sales Revenue = 150 × 40 = 6000
Total Cost for 40 widgets in July = 5600
∴ Profit = 6000 – 5600 = Rs. 400
Hence, option (c).
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