Suppose Sam's Shoe Co

question 48

Multiple Choice

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?

• 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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Definitions:

Parenthood

The state of being a parent and the responsibilities involved in raising a child.

Housework

The tasks such as cleaning, cooking, and shopping that are necessary for the maintenance of a household.

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A complex and usually unpleasant emotional response to isolation or lack of companionship.

Academic Performance

The degree to which a student, teacher, or institution has achieved their short or long-term educational goals.