Suppose Sam's Shoe Co

question 125

Multiple Choice

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

• A)$1,500,000
• B)$24,000,000
• C)$40,000,000
• D)Not enough information is given to calculate profit.

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