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If the price is Rs 10, quantity supplied is 20 and the average total cost is Rs 3, then calculate profit.
- a)100
- b)140
- c)160
- d)200
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
If the price is Rs 10, quantity supplied is 20 and the average total c...
Profit =(P-ATC) q
=7×20=Rs140
Most Upvoted Answer
If the price is Rs 10, quantity supplied is 20 and the average total c...
Profit Calculation:
Given:
Price (P) = Rs 10
Quantity supplied (Q) = 20
Average Total Cost (ATC) = Rs 3
To calculate profit, we need to find the Total Cost (TC), which can be obtained by multiplying the Average Total Cost (ATC) by the Quantity supplied (Q).
TC = ATC * Q
Substituting the given values:
TC = 3 * 20
TC = Rs 60
Next, we need to find the Total Revenue (TR), which can be obtained by multiplying the Price (P) by the Quantity supplied (Q).
TR = P * Q
Substituting the given values:
TR = 10 * 20
TR = Rs 200
Finally, profit (π) can be calculated by subtracting the Total Cost (TC) from the Total Revenue (TR).
π = TR - TC
Substituting the calculated values:
π = 200 - 60
π = Rs 140
Therefore, the profit is Rs 140, which corresponds to option B.
Given:
Price (P) = Rs 10
Quantity supplied (Q) = 20
Average Total Cost (ATC) = Rs 3
To calculate profit, we need to find the Total Cost (TC), which can be obtained by multiplying the Average Total Cost (ATC) by the Quantity supplied (Q).
TC = ATC * Q
Substituting the given values:
TC = 3 * 20
TC = Rs 60
Next, we need to find the Total Revenue (TR), which can be obtained by multiplying the Price (P) by the Quantity supplied (Q).
TR = P * Q
Substituting the given values:
TR = 10 * 20
TR = Rs 200
Finally, profit (π) can be calculated by subtracting the Total Cost (TC) from the Total Revenue (TR).
π = TR - TC
Substituting the calculated values:
π = 200 - 60
π = Rs 140
Therefore, the profit is Rs 140, which corresponds to option B.
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Question Description
If the price is Rs 10, quantity supplied is 20 and the average total cost is Rs 3, then calculate profit.a)100b)140c)160d)200Correct answer is option 'B'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about If the price is Rs 10, quantity supplied is 20 and the average total cost is Rs 3, then calculate profit.a)100b)140c)160d)200Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If the price is Rs 10, quantity supplied is 20 and the average total cost is Rs 3, then calculate profit.a)100b)140c)160d)200Correct answer is option 'B'. Can you explain this answer?.
If the price is Rs 10, quantity supplied is 20 and the average total cost is Rs 3, then calculate profit.a)100b)140c)160d)200Correct answer is option 'B'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about If the price is Rs 10, quantity supplied is 20 and the average total cost is Rs 3, then calculate profit.a)100b)140c)160d)200Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If the price is Rs 10, quantity supplied is 20 and the average total cost is Rs 3, then calculate profit.a)100b)140c)160d)200Correct answer is option 'B'. Can you explain this answer?.
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