Question
upstudy study bank question image url

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

Sign in to Unlock Answers for Free!

A Learning Platform Trusted by Millions of Real Students and Teachers.

star-icon Unlock

Answered by UpStudy AI and reviewed by a Professional Tutor

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.

Try Premium now!
Try Premium and ask Thoth AI unlimited math questions now!
Maybe later Go Premium
Study can be a real struggle
Why not UpStudy it?
Select your plan below
Premium

You can enjoy

Start now
  • Step-by-step explanations
  • 24/7 expert live tutors
  • Unlimited number of questions
  • No interruptions
  • Full access to Answer and Solution
  • Full Access to PDF Chat, UpStudy Chat, Browsing Chat
Basic

Totally free but limited

  • Limited Solution
Welcome to UpStudy!
Please sign in to continue the Thoth AI Chat journey
Continue with Email
Or continue with
By clicking “Sign in”, you agree to our Terms of Use & Privacy Policy