Purchase Solution

Total profit

Not what you're looking for?

Ask Custom Question

The Loebuck grocery sells milk. The grocer orders milk from a local farmer fro $13 per case and sells for $16 per case. Unsold cases are disposed for $1.5 per case, and each case of shortage causes $3.7 loss of profit. If the demand is 500 cases, and grocer orders 490 cases. The total profit of this order is $________________

Purchase this Solution
Solution Summary

This provides an example of calculating profit on an order.

Solution Preview

Answer: $1433

The demand is 500 cases, and the grocer orders 490 cases. Then all the ordered cases will be sold ...

Purchase this Solution
Free BrainMass Quizzes
Transformational Leadership

This quiz covers the topic of transformational leadership. Specifically, this quiz covers the theories proposed by James MacGregor Burns and Bernard Bass. Students familiar with transformational leadership should easily be able to answer the questions detailed below.

Academic Reading and Writing: Critical Thinking

Importance of Critical Thinking

Understanding Management

This quiz will help you understand the dimensions of employee diversity as well as how to manage a culturally diverse workforce.

Six Sigma for Process Improvement

A high level understanding of Six Sigma and what it is all about. This just gives you a glimpse of Six Sigma which entails more in-depth knowledge of processes and techniques.

Learning Lean

This quiz will help you understand the basic concepts of Lean.

View More Free Quizzes
Related BrainMass Solutions

  • Profit margin

    Sales /Assets = total asets turnover= 2.8 Return on equity=Net Profit/ Equity= 15% Total debt/total asets= 0.35 Therefore equity/total asets= 0.65 =1-.35 Profit margin = Net Profit / Sales = (Net Profits/ Equity) x (

  • total profits and selling price

    Define total profit as the difference between total revenue and total cost, and express terms of Q the total profit function for the firm. (Note: Total revenue equals price per unit times the number of units sold.) 2.

  • Calculating output, price, total revenue and total profit

    Calculate output, price, total revenue and total profit at the profit-maximizing activity level.

  • Profit Function and Maximum Profit

    Compute the value of the function at Q=10 Total Profit = f(10) = - 460 + 100(10) - 10^2 Total Profit = f(10) = - 460 + 1000 - 100 Total Profit = f(10) = 540 - 100 Total Profit = f(10) = 440 2.

  • Total Profit

    a) total profit = total revenue from market 1 + total revenue from market 2 - total cost total profit = (180 - 8Q1)Q1 + (100 - 4Q2)Q2 - 20(Q1 + Q2) rearrange to make it look nicer total profit = -4Q2^2 + 80Q2 - 8Q1^2 + 160Q1 b) First you should

  • Accounting Profits

    Accounting profit = Total revenue - Explicit costs Accounting profit = 1,000,000 - (900,000 + 40,000) = 60,000 b) Economic profit is the difference between total revenue and total economic cost Economic profit = Total revenue - Explicit costs -

  • War Games

    Calculate the following, assuming that War Game maximizes profit: a. quantity b. price c. total cost d. total revenue e. total profit We need to find the total profit first by subtracting total cost from total revenue.

  • Finding optimal output level

    It gives us total cost at profit maximizing output level. Vertical line intersects Total Profit curve at a point where Total profit is $3800. It gives us maximum value of profit.

  • Statistics and Quantitative Analysis

    The total cost So, the total profit is R-C=600-600=0 a.

  • Monopolist graph (supply and demand)

    At this point, price = C and output = Q1 The firm's total revenue = price X output = CQ1 Total cost = BQ1 Total profit = total revenue - total cost = CQ1 - BQ1 = (C - B)Q1 Total profit / unit = total profit / output = C-B Monopolist graph

View More Related Solutions